401(k) loan cost

Borrowers often stop contributing while the loan is repaid. This models that pause.

Prepared for

Prepared on

Assumptions

Current 401(k) balance

Loan

Loan amount

Repayment term

yrs

General-purpose loans usually run 5 years.

Loan interest rate

Contributions (paused during loan)

Your contribution

$ /mo

Set to $0 for the repayment term.

Employer match

% of yours

Missed while repayments run.

Growth

Expected return

%/yr

Years to compare

yrs

Retirement, or any target year.

No loan

—

With loan

—

Balance gap

—

Contributions missed

—

Match missed

—