Can You Withdraw From Your 401(k) at Age 62?

U.S. News & World Report lists important ages for retirees, noting that those who leave their job during the calendar year they turn 55 or later can withdraw money from their 401(k) without a 10-percent early withdrawal penalty. At age 62, only the terms of an employer's specific 401(k) plan can preempt federal rules on disbursements. Some plans might require waiting until age 62 or 65, while others may have an option to take a once-yearly distribution.