@Frank51281
To clarify a couple of points.
If the withdrawal is happening now, the estimated payment is due January 15, 2023. Whether you want to risk any gains (or losses) during that time is up to you.
Second, to avoid a penalty, you only need to make payments in the system equal to 110% of your previous year‘s tax liability. Your tax liability is the net amount the government kept, after considering all of your withholding, payments, and refunds. For example, if you had $12,000 of withholding and got a $2000 refund, your tax liability was $10,000.
To avoid a penalty, you only need to make a large enough estimated payment so that your 2022 withholdings plus estimated payments equals at least 110% of your 2021 tax liability. For example, if your 2021 tax liability with $10,000, you only need to pay enough estimated taxes so that your estimates plus your current withholdings will equal at least $11,000.
The remainder of the tax would be due April 15, but you would not be charged interest or a penalty. You might be able to invest difference in the meantime, but of course there are risks.
