“Should I Borrow from My 401(K) Plan? Calculator helps users estimate the potential long-term financial impact of borrowing from their 401(k) account, considering factors like loan interest, investment return loss, and penalties for non-repayment.

Should I Borrow From My 401(K) Plan?

Understand the **true cost** of borrowing from your 401(k) by calculating lost returns and potential penalties.

Step 1: Enter Loan Details

Loan Amount ($)

Expected Annual Investment Return (%)

Next

Step 2: Loan Terms

Loan Interest Rate (%)

Repayment Period (Years)

Calculate

Loan Impact Summary

Loss if loan is repaid on time:

Loss if loan is not repaid (including penalties):

Recalculate