401(k) Calculator
Estimate your retirement savings growth with contributions and employer matching.
Retirement Projection
What is a 401(k) Calculator?
A 401(k) calculator projects the future value of your retirement account by simulating year-by-year contributions, employer matching, and investment returns. It helps you understand whether you are on track to meet your retirement goals.
Employer matching is essentially free money added to your retirement savings. This calculator factors in your contribution rate, the employer match percentage, and any match limits to give you a realistic estimate of your nest egg.
How to Use
- Enter your current age and desired retirement age.
- Input your existing 401(k) balance and annual salary.
- Set your personal contribution percentage.
- Enter your employer match percentage and the salary limit it applies to.
- Provide an estimated annual investment return.
- Click Calculate to see your projected retirement balance.
Frequently Asked Questions
How does employer matching work?
Your employer contributes extra money based on your contribution, up to a limit. For example, a 50% match up to 6% means if you contribute 6%, they add 3%.
What annual return should I assume?
Historical stock market averages suggest 6�?% for long-term diversified portfolios, but actual returns vary. Conservative estimates are safer for planning.
Does this account for taxes?
No, this calculator shows pre-tax growth. Withdrawals from traditional 401(k) accounts are taxed in retirement, while Roth 401(k) withdrawals are generally tax-free.
Can I include salary increases?
This version assumes a constant salary. For advanced projections with raises, adjust your inputs periodically or use a more detailed retirement planner.