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It depends on your other income and deductions or credits. That $130K is included as ordinary income and so it may put you into a higher tax bracket than 20% - there is no way for us to tell. But in addition to income tax you also have to pay the 10% early witjhdrawal penalty, which is $13,000. And depending on where you live you may have state/local income tax pay on the $130,000 as well - if we assume a 6% state income tax rate that would be $7800.
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