Backdoor Roth Withdrawal

[OldStachesRule]

I have a Roth account currently worth approximately 70K.  It was all funded using the backdoor method with post tax funds deposited into a traditional IRA then rolled over into the Roth IRA.  I currently have a need to withdraw the maximum possible without incurring any taxes or penalties and I'm over 59.5.

The deposits were made as follows:

Tax Year
2014 (deposited $6500 in 2015)
2015 (deposited $6500 in 2016)
2018 (deposited $6500 in 2019)
2019 (deposited $7000 in 2020)

Reading through the IRS guidelines on the 5 year rule, I've reached the following conclusion.
- I can withdraw the principal ($13K) from tax year 2014 and 2015 penalty free.
- I cannot withdraw the principal (13.5K) from tax year 2018 and 2019 penalty free since the conversions are less than 5 years.

What I'm not 100% clear on is the penalty/taxes on withdrawing the earnings ($43.5K), all from equities appreciation.  The rules on earnings seems to say the clock on the 5 years rule starts in the year you first open the Roth IRA, which would be in 2015, and all earning from later deposits also qualify.  In summary, I think I can withdraw a maximum of 56.5K ($13K from 2014 & 2015 principal + $43.5K from all earnings) tax/penalty free.  Does this sound right ?

[seattlecyclone]

... and I'm over 59.5.

All of it. Your IRA has been open five years, you're old enough, it's all free now.

[ericrugiero]

There are two different 5 year clocks for a "Roth Conversion Pipeline".   

5 years from when you open the account.  You meet this one.

5 years from the traditional IRA to Roth IRA conversion for a "Roth Conversion Pipeline".  That doesn't apply to you since you are over 59.5. 

So, it's all available now.