How old do you have to be to withdraw from your 401k?

To take distributions from a 401(k) plan, you must be at least 59.5 years old, according to Bankrate. You can take an early distribution from your 401(k) plan before that age, but there may be tax consequences.

The government assesses a 10 percent tax penalty on early withdrawals from 401(k) plans, as noted by Bankrate. The government offers a waiver of penalties for an account holder taking distributions to cover costs associated with buying a first home, paying for college, or for paying hardship-related costs. Totally and permanently disabled account holders may also withdraw retirement funds early without incurring penalties.