This calculator was developed to help you work out how much tax you will pay on any funds you take from a 457 savings account. It was made for participants that have made traditional pre-tax contributions to their 457 account, as Roth deposits are treated differently. Roth contributions must be held in the account for 5 consecutive years to provide tax-free and penalty-free payments.

By adding the amount you want to withdraw to the calculator, you can find out how much of your earnings you will be able to keep. If you are planning a withdrawal for something specific, this calculator will help you figure out how much you should take out to meet your income needs.

A feature unique to the 457b program is the penalty-free plan withdrawals. Plan participants can access their before the age of 59½, unlike other tax-deferred savings plans. If you decide to retire early or just need to access some of your funds, you could begin taking payments immediately.

Of course, it’s always best to let your money compound as long as possible to maximize your earnings. Since your earnings are considered regular income, they would be taxed at your marginal tax rate.

There are various limits imposed on 457 plans from the annual contribution amounts to various provisions to allow for increased savings.

To learn about these considerations, please use our 457 savings calculator.

The 457 withdrawal calculator is very easy to use. It is designed to help you work out how much tax you will pay on any funds you take from the account. The system only works with contributions that are made pre-tax, not Roth. Let’s review the questionnaire together.

1. On the first line of the calculator, identify the dollar amount you would like to take from the account. You can use the up or down arrow keys or your keyboard to make this input easier.


2. Add your age to the second line of the calculator.


3. Include your federal income tax rate on line three. It is essential to assess your income after deductions, plus any interest earnings. If you are unsure, you can find out your marginal tax rate here.


4. Lastly, add your state income taxes to the final line of the calculator.


5. View your results.

In the result window,you will receive a prompt of your net withdrawal. You can view the exact dollar amount that will go towards taxes in the bar graph report found under "Results". Using the graph, you can compare the amount you would be left with versus the taxes owed.

Sometimes it can be more beneficial to let your funds grow in your account . Once you retire, you might reach a lower tax bracket and enjoy a higher percentage of your earnings. Alternatively, you can try out Roth contributions to get tax-free earnings in retirement.

Remember to bookmark this calculator to the home screen of your smartphone. You can return if your tax bracket changes and to see the taxes on different withdrawal amounts. If you found this page useful, please promote us on social media by using the share feature!