Rick Diamond/Getty Images) Key Points in This Article: Withdrawing from a 401(k) before age 59.5 can cost up to 40% in taxes and penalties. $35,000 left in a 401(k) at 5$57,000 in 10 years. Ramsey advises eliminating car loans and credit card debt before considering home purchase. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more her ...