I was doing napkin math, assuming a large distribution would hit the 37% bracket + 10% penalty + state income tax somewhere in 1-10% range. I know that 37% is t

I was doing napkin math, assuming a large distribution would hit the 37% bracket + 10% penalty + state income tax somewhere in 1-10% range. I know that 37% is the highest bracket and really only applies to income over a threshold but that depends on filing status, exemptions, etc. My example was more thinking the nest egg OP has is more than enough, especially since I've over-estimated taxes. Also if it is in a tax-protected 401k/IRA then capital gains is irrelevant since it is income tax for distributions as I understand it. This 72T election is an interesting concept for an early retirement scenario, thanks for sharing that, I never heard about it.