How to Withdraw From Your IRA
If you're between the ages of 59½ and 72† and you need money from your IRA, we can help.
Are there taxes and penalties for withdrawals at my age?
If you're 59½ or older, you're allowed to withdraw from your IRA without penalty. The IRS does not require you to withdraw from a Traditional or Rollover IRA until you reach the age of 72.† However, depending on your account type (Traditional or Roth), you may be taxed on your withdrawal.
To avoid unnecessary penalties or taxes, find out what specific withdrawal rules apply to you.
What do I need to know?
Before you start your withdrawal:
- Consult with your tax advisor about your situation
- Make sure you have enough cash available, or you may have to sell some of your investments
To start your withdrawal:
- From TransferLog In Required, select the IRA you'd like to withdraw money from
- Choose how you'd like to receive your money
- Enter the dollar amount
- Specify tax withholding
- Sell your securities (if you don't have enough available cash)
- Review and confirm your transaction
What to expect
If you complete your withdrawal on a business day before 4 p.m. ET, find out when you'll get your money.
Delivery times vary by transfer type and may take longer if you have to sell securities to make cash available.
Once you've submitted your request, you can track your withdrawal on the Activity & OrdersLog In Required tab in your Profile.
Additional types of IRA withdrawals
If you're under the age of 59½, learn How to Take an Early Withdrawal From Your IRA.
If you're 72† or older, learn How to Take a Required Minimum Distribution (RMD) From Your IRA.
If you have an Inherited IRA, please refer to the RMD Rules for Inherited IRAs before taking your withdrawal.
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Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.