Should I Borrow From My 401(K) Plan?

Introducing our Borrow From 401(K) Plan Calculator! Planning to borrow from your 401(K) retirement account? It’s important to make informed decisions. Our calculator allows you to assess the potential impact of a loan on your retirement savings.

Simply enter the amount you wish to borrow, along with the expected rate of return on your 401(K) investments, the interest rate for the loan, the loan term, and the number of years until your retirement. With just a click of a button, you’ll receive valuable insights such as the projected balance at retirement, the loan repayment amount, and the net retirement balance.

Should I Borrow From My 401(K) Plan? Calculator

Projected Balance at Retirement:
Loan Repayment Amount:
Net Retirement Balance: