457(b) Retirement Calculator

For government and nonprofit employees. See what your 457(b) will be worth at retirement.

Current 457(b) balance ($)What you have saved so far Monthly contribution ($)What you put in each month Employer monthly match ($)Many government plans have no match — enter 0

Expected annual return (%)Historical average is around 7%

Years until retirementHow many years you'll keep contributing

Projected balance at retirement
Total contributions
Estimated monthly income (25 yrs)
457(b) key advantage

Projected balance assumes a constant return and steady contributions. Monthly income uses a 25-year drawdown. Excludes taxes, COLA adjustments, and pension income.

What makes the 457(b) different?

Unlike 401(k) and 403(b) plans, the 457(b) has no 10% early withdrawal penalty. If you separate from your employer, you can access your money at any age without penalty — only regular income tax applies. This makes it especially valuable for early retirees.

Who has a 457(b)?

State and local government employees — police, firefighters, teachers in some states — and some nonprofit employees. Many government workers have both a pension and a 457(b), making them one of the best-positioned groups for retirement.

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