Pension vs 401(k) Comparison Calculator
Compare lifetime retirement wealth from a defined benefit pension vs a 401(k) defined contribution plan.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Pension Total = Annual × Years; 401k Annual = Balance × Withdrawal Rate
Pensions offer guaranteed lifetime income but no flexibility. 401(k)s offer flexibility but carry longevity risk.
Frequently Asked Questions
Are pensions better than 401(k)s?
Pensions are valuable for lifetime income security but can't be passed to heirs as easily. 401(k)s offer more flexibility and survivor benefits.