At age 60, you can withdraw money from your Roth IRA without any penalties and taxes, as long as your account has been open for at least five years
- There is no limit on how much you can withdraw, and you can take out all of your money if you wish
- No penalties: Since you are over 59½, you won't face any early withdrawal penalties
- No taxes: If your Roth IRA has been open for at least five years, your withdrawals will be tax-free.
For more detailed information, you can check out the Charles Schwab and Fidelity pages on Roth IRA withdrawal rules.
