I am seriously considering 'early' retirement (current age=56) and am more than a little confused with all of the apparent options regarding 401(k) withdrawals. My 'funds' currently reside in 3 basic areas, Cash/Savings (25%); Rollover IRA (50%)(from previous employer) and a smaller 401(k)(25%) with my current employer. It is my desire to draw down somewhat equally from the cash & smaller 401(k) for the next 7 years and then reduce the withdrawals by the amount I expect to receive from Social Security. Of course I do not want to incurr any penalties for the withdrawals prior to reaching age 59 1/2 so that is the question. As I am retiring, inistead of changing jobs, can I do that? Where might I look for definitive rates of withdrawal? I can 'wait' until I am 59 1/2 to touch either 401(k) for that matter. Just not real sure the best course to follow.

Thanks for any replies.