AJ
Level 6

Get your taxes done using TurboTax

The simple answer is yes.  It is an option. The math is straight forward to withdraw only your contributions if this is your first withdrawal; and if you have records for your contributions; and if you didn't do rollover contributions from a Traditional IRA. Form 8606 and Publication 590-B provide additional details. 

 

Be careful about the details if your Roth IRA contains funds that were rolled over from a Traditional IRA.  The rollover funds have their own 5-year clock.

 

Be sure to keep all Forms 8606 in case you need them for future tax returns. 

 

Finally, from the long-term financial standpoint, try to be sure that this your best option.  Older workers don't have long times to make up for the losses in principal when a withdrawal is made. So an early withdrawal adds risk for your future retirement needs.