401(k) Rollover Calculator — Should You Roll Over?

Age & Employment

Your Age Your current age determines eligibility and penalty rules

I am still employed with the company that holds my 401(k)

401(k) Balance to Roll Over

Filing Status

Estimated Taxable Income This Year (before rollover)

W-2 wages, self-employment, interest, dividends, etc.

State of Residence

Tax-Deferred

Tax Due Now $0

Penalty $0

                Amount in IRA
                $0
              

Tax-Free Growth

Tax Due Now $0

Penalty $0

                Amount in Roth
                $0
              

Category	Rate	Amount

Age 59½ Rule

If still employed, most plans require you to be 59½ or older for an in-service rollover. Once you leave the employer, you can roll over at any age.

Traditional IRA Rollover

A direct rollover from 401(k) to Traditional IRA is tax-free and penalty-free. Your money stays tax-deferred until you withdraw it in retirement.

Roth Conversion

Converting to a Roth IRA means paying income tax on the full amount now, but all future growth and withdrawals are tax-free in retirement.

Early Withdrawal Penalty

If you take a distribution (cash out) before age 59½, you'll owe a 10% early withdrawal penalty on top of income taxes. Direct rollovers avoid this.