By withdrawing $10,000 from your 401(k) account you will forego $100,627 in future retirement benefits (which includes a six month suspension from contributing to your account and receiving any employer match, if any). Furthermore, you will net only $6,500 on your withdrawal after paying income taxes and early withdrawal penalties.<table class='pure-table' role='grid'><tr><th colspan='3' role="rowheader" scope="col" class='section'>Lost retirement funds</th></tr><tr><td role="rowheader" scope="row">Early withdrawal amount</td><td></td><td>$10,000</td></tr><tr><td role="rowheader" scope="row">Total lost value at retirement</td><td>=</td><td>$100,627</td></tr><tr><th colspan='3' role="rowheader" scope="col" class='section'>Impact of early withdrawal</th></tr><tr><td role="rowheader" scope="row">Amount of withdrawal</td><td></td><td>$10,000</td></tr><tr><td role="rowheader" scope="row">Early withdrawal penalty</td><td>-</td><td>$1,000</td></tr><tr><td role="rowheader" scope="row">Taxes</td><td>-</td><td>$2,500</td></tr><tr><td role="rowheader" scope="row">Net amount after penalty and taxes</td><td>=</td><td>$6,500</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); 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// --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Balance</th><th scope="col">Earnings</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$10,000</td><td>$800</td><td>$10,800</td></tr><tr><td role="rowheader" scope="row">2</td><td>10,800</td><td>864</td><td>11,664</td></tr><tr><td role="rowheader" scope="row">3</td><td>11,664</td><td>933</td><td>12,597</td></tr><tr><td role="rowheader" scope="row">4</td><td>12,597</td><td>1,008</td><td>13,605</td></tr><tr><td role="rowheader" scope="row">5</td><td>13,605</td><td>1,088</td><td>14,693</td></tr><tr><td role="rowheader" scope="row">6</td><td>14,693</td><td>1,175</td><td>15,869</td></tr><tr><td role="rowheader" scope="row">7</td><td>15,869</td><td>1,269</td><td>17,138</td></tr><tr><td role="rowheader" scope="row">8</td><td>17,138</td><td>1,371</td><td>18,509</td></tr><tr><td role="rowheader" scope="row">9</td><td>18,509</td><td>1,481</td><td>19,990</td></tr><tr><td role="rowheader" scope="row">10</td><td>19,990</td><td>1,599</td><td>21,589</td></tr><tr><td role="rowheader" scope="row">11</td><td>21,589</td><td>1,727</td><td>23,316</td></tr><tr><td role="rowheader" scope="row">12</td><td>23,316</td><td>1,865</td><td>25,182</td></tr><tr><td role="rowheader" scope="row">13</td><td>25,182</td><td>2,015</td><td>27,196</td></tr><tr><td role="rowheader" scope="row">14</td><td>27,196</td><td>2,176</td><td>29,372</td></tr><tr><td role="rowheader" scope="row">15</td><td>29,372</td><td>2,350</td><td>31,722</td></tr><tr><td role="rowheader" scope="row">16</td><td>31,722</td><td>2,538</td><td>34,259</td></tr><tr><td role="rowheader" scope="row">17</td><td>34,259</td><td>2,741</td><td>37,000</td></tr><tr><td role="rowheader" scope="row">18</td><td>37,000</td><td>2,960</td><td>39,960</td></tr><tr><td role="rowheader" scope="row">19</td><td>39,960</td><td>3,197</td><td>43,157</td></tr><tr><td role="rowheader" scope="row">20</td><td>43,157</td><td>3,453</td><td>46,610</td></tr><tr><td role="rowheader" scope="row">21</td><td>46,610</td><td>3,729</td><td>50,338</td></tr><tr><td role="rowheader" scope="row">22</td><td>50,338</td><td>4,027</td><td>54,365</td></tr><tr><td role="rowheader" scope="row">23</td><td>54,365</td><td>4,349</td><td>58,715</td></tr><tr><td role="rowheader" scope="row">24</td><td>58,715</td><td>4,697</td><td>63,412</td></tr><tr><td role="rowheader" scope="row">25</td><td>63,412</td><td>5,073</td><td>68,485</td></tr><tr><td role="rowheader" scope="row">26</td><td>68,485</td><td>5,479</td><td>73,964</td></tr><tr><td role="rowheader" scope="row">27</td><td>73,964</td><td>5,917</td><td>79,881</td></tr><tr><td role="rowheader" scope="row">28</td><td>79,881</td><td>6,390</td><td>86,271</td></tr><tr><td role="rowheader" scope="row">29</td><td>86,271</td><td>6,902</td><td>93,173</td></tr><tr><td role="rowheader" scope="row">30</td><td>93,173</td><td>7,454</td><td>100,627</td></tr></table>