What May My 457 Plan Be Worth?

Calculate the future value of your 457 plan. Plan for retirement with this government employee benefit calculator.

457 Plan Information

Projected Value

Enter your 457 plan information and click calculate to see results

457 Plan Benefits

  • • Tax-Deferred Growth: Contributions reduce taxable income
  • • Higher Contribution Limits: $23,000 in 2024 ($30,500 if 50+)
  • • No Early Withdrawal Penalty: Unlike 401(k) plans
  • • Double Contribution: Can contribute to both 457 and 403(b)

Frequently Asked Questions

What's the difference between a 457 and 401(k)?

457 plans are for government employees and have no early withdrawal penalty, while 401(k) plans are for private sector employees.

Can I contribute to both a 457 and 403(b)?

Yes, you can contribute to both plans simultaneously, effectively doubling your contribution limits.

When can I withdraw from my 457 plan?

You can withdraw from your 457 plan when you separate from service, reach age 59½, or face financial hardship.