Also now adds 10% withdrawal penalty for before 59 1/2.
Find out how much to put away tax deferred to get a certain amount of money in the future, and how much you could expect to draw out of that money.
At this time:
Hey, you aren't 59 1/2 yet!You'll have to take a 10% hit on your withdrawals
- Your last monthly contribution was : $ 0.00
- Your current required withdrawal is : $ 0.00
Let's start taking money out and see how long it lasts
* = Note that with the Minimum Withdrawal Limit, even though you must withdraw the funds from your IRA it doesn't mean you must spend it! Put the surplus into a money market or bond fund and it will probably add quite a few years to your withdrawal period.