Debt Management Calculators

Retirement Loan Calculator

Evaluate the true cost of borrowing from your future. Estimate your retirement loan payments and discover the hidden opportunity cost of missing out on investment growth.

Assumptions

Adjust values

Retirement loan amount Loan rate Loan term (years) Expected portfolio return

Estimated retirement-loan payment

$483.32

Total repaid

$28,999.20

Interest paid back to plan

$3,999.20

Potential opportunity cost

$10,440.63

About this tool

Borrowing from your 401(k) or retirement savings plan might seem like a smart fix for paying off debt or covering emergency expenses—especially since you are paying the interest back to yourself. However, taking a retirement loan comes with a massive hidden price tag: opportunity cost. The money you withdraw misses out on years of potential compound growth in the market. This free Retirement Loan Calculator helps you weigh the pros and cons before making a decision. By entering your loan amount, interest rate, repayment term, and expected market return, this tool calculates your monthly repayment and reveals the exact amount of future wealth you might sacrifice. Use this calculator to make a fully informed choice, explore alternative debt management strategies, and protect your hard-earned retirement nest egg.

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