Hi, my name is XXXX XXX I'm happy to help you with your question today.
A 72(t) election allows IRA owners to avoid the 10% early withdrawal penalty if they elect to withdraw the funds in substantially equal periodic payments.
The payments must continue for 5 years or until 59 1/2, whichever comes later.
So, the answer to your question is yes. You can avoid the 10% penalty as long as the substantially equal payments continue for at least 5 years or until 59 1/2.
Please let me know if you have any additional questions.