401(k) Calculator
Project your 401(k) balance at retirement with employer matching, salary growth and investment returns.
A 401(k) combines three forces: your contributions, your employer's match and decades of compounding.
This calculator projects the balance at retirement and splits it into those three parts.
How it works
Each month a share of your salary goes in, and your employer adds its match up to the limit. Returns compound monthly.
Your salary rises each year by the growth rate, so contributions rise with it.
The formula
Example = 8% contribution, 50% match up to 6% gives 3% of salary from the employer.
Tips
- Always contribute enough to get the full match. It is an instant return on your money.
- Raise your contribution by 1% each year. You will barely notice it.
Frequently asked questions
What is the 401(k) contribution limit?
The IRS sets a yearly limit that rises with inflation, with a higher catch up limit from age 50. Check the current figure on irs.gov.
Is the employer match taxed?
Not when it goes in. Traditional 401(k) withdrawals are taxed as income in retirement.
This is not financial advice. Nothing on this site is investment, tax, legal or financial advice of any kind.
The calculators give simplified estimates from the numbers you enter. They ignore taxes, fees, rate changes and real market returns, and they can be wrong.
Do not make financial decisions based on these results. Speak to a licensed financial adviser, accountant or lender before acting, and read the full disclaimer.