The IRS uses the age of 59 ½ as the “retirement age” . Distributions are allowed before 59 ½ but they will incur a ten percent penalty on top of the income tax owed on the distribution . There are circumstances however where the penalty can be abated . It would involve taking an agreed upon distribution every year until you reach 59 ½ . This amount cannot be changed . If you would like to learn more visit us at Self Directed Retirement Plans LLC.