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:
$
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Could you afford to retire at 62?

It's possible to punch out early for retirement if you plan carefully. Here are some pointers.

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