401(k) Spend It or Save It

Compare the impact of spending versus saving employer benefits like bonuses.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Bonus Details

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Comparison

After-Tax Bonus (if spent)$3,650
Future Value (if saved)$34,242
Opportunity Cost$30,592
Tax Savings if Deferred$1,350
How it works›

Model and assumptions. Projects contributions and the entered employer amount using constant compound returns over the saving period. Annual limits and employer formulas are the implemented model’s assumptions. Actual plan eligibility, vesting, investment returns and fees can differ.IRS Publication 560OpenStax: annuity formulas