See what steady 457(b) contributions can grow to by retirement.
A 457(b) calculator projects the future value of your 457(b) deferred compensation account from your balance, contributions, time horizon, and return.
A 457(b) is a tax-deferred retirement plan for state and local government workers and some nonprofit employees. Its standout feature is that, unlike a 401(k) or 403(b), withdrawals after you leave the employer generally aren't subject to the 10% early-withdrawal penalty, which adds flexibility for early retirees.
Like other tax-deferred plans, contributions are typically pre-tax and grow untaxed until withdrawal. The keys to growth are the contribution rate and time. Some workers with access to both a 457(b) and a 403(b) can contribute to each, effectively doubling their tax-advantaged room, worth exploring if you can afford it.
A tax-deferred retirement plan for government and some nonprofit employees, with pre-tax contributions and tax-deferred growth.
Withdrawals after you separate from the employer generally avoid the 10% early-withdrawal penalty that applies to 401(k)s and 403(b)s.
Often yes, if your employer offers both, letting you use each plan's limit separately. Check your plan rules.
See the exact formula and a worked example on our methodology page.