When do I turn 59½?Find the day the 10% penalty ends.
You turn 59½ exactly six months after your 59th birthday. From that day on, the IRS's 10% additional tax on early IRA and 401(k) withdrawals no longer applies. Income tax generally still applies to pre-tax money from traditional IRAs and 401(k)s; qualified Roth withdrawals follow their own rules.
Enter your date of birth to see your date, how many days are left, and when required minimum distributions generally begin. The calculator runs in your browser; the birth date you enter isn't saved or sent.
How the 59½ date works
Why six months after my 59th birthday?
The tax code sets the age at 59½, so you reach it six months after your 59th birthday. A distribution on or after that date isn't subject to the 10% additional tax. One taken the day before can be.
What if I was born on the 31st?
When the month six months later is shorter, this calculator uses that month's last day. If your exact date matters for a withdrawal, confirm it with your plan administrator or tax professional.
Are there exceptions?
Yes. Some withdrawals before 59½ avoid the 10% additional tax (for example, leaving your employer in or after the year you turn 55, for that employer's plan). Roth accounts have a separate five-year rule for tax-free earnings, and Roth IRAs have no required minimum distributions during the owner's lifetime. IRS Tax Topic 558 lists the exceptions.
Does turning 59½ mean I should withdraw?
Not necessarily. Withdrawals are generally taxed as income, and money you take out stops growing tax-deferred. See our FAQ for more.
Source: IRS Tax Topic 558