The Taxable Accumulation Vs. Tax Deferred Calculator is a hypothetical example and is not intended to be a projection of future values or to be representative of past or future performance of any particuar investment. Investing involves risk and you may incur a profit or loss. This summary illustrates the accumulation for a taxable versus tax deferred investment. The impact of taxes is not factored into the accumulation of the tax-deferred investment. Withdrawals of tax-deferred accumulations are subject to ordinary income taxes. If withdrawn prior to age 59 1/2, there may be an additional 10% federal tax penalty imposed.