Before age 59 ½ Equal Payments Calculator

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How do I estimate before age 59½ equal payments?

You can withdraw taxable funds from an IRA at any time. However if you do, you'll owe ordinary income taxes regardless of your age. And if you are younger than 59½ years old, you'll owe the 10% early distribution tax in addition to regular income taxes. One way to avoid the 10% additional tax is to receive your distributions from an IRA in "Substantially Equal Periodic Payments" (SEPPs), based on your life expectancy.

This calculator compares the three IRS-approved methods for withdrawals from your IRA.

After you've entered your information below, click the "Calculate" button to determine your periodic payments.

Before Age 59½ Equal Payments Calculator
What is your current IRA balance?	$
What is your current age?
What interest rate¹ should we use to calculate your SEPPs?	%

¹The interest rate that may be used is any interest rate that is not more than 120 percent of the federal mid-term rate determined by using the applicable federal rate for either of the two months immediately preceding the month in which the distribution begins. Click to see the mid-term Applicable Federal Rates.

The calculations provided are for illustration purposes only and are not intended to represent the amount that you can withdraw before age 59½ free of any penalty. The calculation is not intended to provide specific advice to any individual. Please consult a tax advisor before taking withdrawals from an IRA.