401(k) Spend It or Save It Calculator

There are several ways to manage your 401(k) balance when you leave an employer. The most fundamental of which is should you spend it or save it? Depending on your age and tax bracket, making the wrong decision can cost you thousands of dollars both in taxes and lost earnings. This calculator helps illustrate the difference.


These calculators are meant to be general guidelines and are not necessarily a reflection of the returns and inflation assumptions used by The Trust Company of Tennessee. For a more accurate review of your financial outlook, please schedule a consultation.

Information and interactive calculators are made available as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

The Trust Company of Tennessee
4823 Old Kingston Pike, Suite 100
Knoxville, TN 37919