# 401k Loan? Anyone done it?

**URL:** https://forums.speedlife.net/t/401k-loan-anyone-done-it/255712
**Category:** Shift518 Off Topic
**Created:** [November 23, 2010, 7:40am UTC](https://forums.speedlife.net/t/401k-loan-anyone-done-it/255712 "2010-11-23T07:40:46Z")
**Posts on this page:** 1
**Showing post:** 6

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### Author: ![Ilya](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ilya/32/6404_2.png) [@Ilya](https://forums.speedlife.net/u/Ilya)
#### Post date: [November 23, 2010, 10:05am UTC](https://forums.speedlife.net/t/401k-loan-anyone-done-it/255712/6 "2010-11-23T10:05:09Z")

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> [@10/21/07 - Sunday - My Bubble Tea - 8 PM](https://forums.speedlife.net/t/10-21-07-sunday-my-bubble-tea-8-pm/37206/135):
>
> You lose a lot of money in the long run. There’s calculators on the internet… Google one. You’d be surprised hoe much you’d actually lose.

Yes, I found that ‘info’ online, but it seemed to be geared towards the older generation who doesn’t have much time left to make it up. I haven’t been able to find anything for someone in my age range or 40+ years away from retirement (an expert opinion other than a calculator).

Here is the what the calculator said:

"You will have saved $3,284,419 in your account by the time you retire in 42 years.

If you left your retirement plan intact and never borrowed against it, the assets in the account could grow to $3,327,686, a difference of $43,267."

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