Retirement loan calculator -- Should I borrow from my 401(k) plan?

Should I borrow from my 401(k) plan?

How much do you want to borrow from your 401(k) plan?	$
What rate of return do you expect to earn from your 401(k) investments?		%
What interest rate will you pay on your loan?		%
How long will you take to pay back the loan?		years
How many years will it be until you retire?		years


If loan is repaid on time you will lose:	$
If loan is not repaid, you face additional taxes and a 10 percent penalty. Your loss rises to:	$

Compare Rates

About our rates

About this index

Overnight Averages

Product	Rate	+/-	Last week
30 yr fixed	4.01%		4.04%
15 yr fixed	3.11%		3.18%
5/1 ARM	2.82%		2.88%

View rates in your area:

Product	Rate	+/-	Last week
30K Home Equity Loan	6.10%		6.08%
30K HELOC	5.21%		5.21%
50K HELOC	4.75%		4.71%

View rates in your area:

Product	Rate	+/-	Last week
36 Mo Used Car	2.76%		2.76%
48 Mo Used Car	2.70%		2.70%
48 Mo New Car	2.58%		2.58%

View rates in your area:

Product	Yield	+/-	Last week
6 Mo CD	0.41%		0.41%
1 Yr CD	0.62%		0.62%
5 Yr CD	1.23%		1.23%

Compare rates:

Product	Rate
Low Interest Cards	10.93%
Balance Transfer Cards	16.00%
All Variable	15.25%

Compare rates:

Partner Center

Bankrate's Free Content Center

Click here to visit the content center.

Picky about what you read?

We'll send you our latest news on the topics you choose.

Subscribe:RSS Feeds

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.