401(k) Loan Calculator
Monthly Payment: 0
💼 401(k) Loan Calculator – Fidelity
Thinking of borrowing from your Fidelity 401(k) retirement savings? Use this 401(k) Loan Calculator to estimate your repayment schedule, monthly deductions, and how a loan might impact your retirement goals.
A 401(k) loan lets you borrow from yourself — typically up to 50% of your vested balance, or $50,000 (whichever is less). While it's not a taxable event if repaid properly, it's still crucial to know what you’ll owe and how it affects your long-term savings.
🔧 What This Calculator Helps You Do
With this Fidelity 401(k) loan calculator, you can:
- Input your loan amount, repayment period, and interest rate
- See your biweekly or monthly repayment amount
- Understand the total interest you’ll repay
- Plan for paycheck deductions and budgeting accordingly
- Evaluate whether a loan fits your financial strategy
✅ Why Use This Tool?
- Built specifically with Fidelity retirement plans in mind
- Helps avoid surprises from automatic payroll deductions
- Assists in comparing loan vs. hardship withdrawal options
- Useful for planning around job changes, as unpaid loans may become taxable
- Completely free and doesn't affect your account
📌 Things to Keep in Mind
- Loans must generally be repaid within 5 years, unless used to purchase a primary residence
- If you leave your job, the loan may become immediately due
- Missed payments could lead to tax penalties
- You lose potential investment growth on the borrowed amount
⚠️ Disclaimer: This calculator is for estimation only. Consult your Fidelity account dashboard or a financial advisor for exact loan terms and eligibility.