Your 401k Calculator
Welcome to our 401k Calculator, a user-friendly and intuitive tool designed to help you project the future value of your 401(k) account at retirement! Whether you’re just starting your retirement journey or you’re well on your way, this calculator provides a detailed insight into your retirement savings.
401(k) Calculator
Employee Savings Plan
Employer Match
401(k) Results
Your 401(k) could be worth after years
| Current 401(k) Balance | |
| Years to Invest | |
| Annual Rate of Return | % |
| Annual salary | |
| Expected Annual Salary Increase | % |
| Your Annual 401(k) Contribution | |
| Your Total Contribution Will Be | |
| Employer's Total Contribution Will Be | |
| Your Total At Age | |
| Total Without Employer's Match |
Chart Representation of Your 401(k)
How to Use this 401k Calculator
1. Enter Your Details:
- => Annual Salary: Input your current annual salary.
- => Percent to Contribute: Specify the percentage of your salary you wish to contribute to your 401(k) annually.
- => Annual Salary Increase: Estimate your expected annual salary increase percentage.
- => Current Age & Age of Retirement: Input your current age and the age at which you plan to retire.
- => Current 401(k) Balance: If you have an existing 401(k) balance, enter it here. If not, just enter 0 (zero)
- => Annual Rate of Return: Input the expected annual rate of return on your 401(k) investments.
- => Employer Match & Match Ends: Provide the percentage of your salary that your employer matches and the maximum limit up to which your employer will match your contributions.
2. Click Calculate:
- => After entering your details, click on the “Calculate” button. Ensure all inputs are valid; if any discrepancies are found, a friendly error message will guide you to correct them.
3. Review Your Results:
=> View the Summary of Your Results to get a quick snapshot of your projected 401(k) balance at retirement, including total contributions.
=> Explore the 401(k) Breakdown Table for a year-by-year detailed view of employee and employer contributions and the evolving balance until retirement.
- => Analyze the Chart Representation to visually understand the progression of your balance and contributions over the years.
Start exploring your potential savings with this 401(k) Calculator! Gain insights and make informed decisions to secure a comfortable retirement. Remember, the earlier you start, the more you can accumulate. Feel free to play around with different scenarios and see how changes in contributions, employer match, and other factors can impact your 401(k) balance at retirement.
If you want to know more about retirement savings account through 401k, check this guide on 401(k) plans.