401K Calculator

Plan your retirement savings with our accurate 401K contribution calculator.

401K Calculator

Current Age

years

Annual Salary

401(k) Balance

Contribution

Employer Match

Emp. Match Limit

Projections

Retirement

years

Life Expectancy

years

Annual Return

Inflation Rate

Salary Increase

% per year

There was an error with your calculation.

Result

At the retirement age of 65, the 401(k) balance will be $1,537,963, which is equivalent to $546,566 in purchasing power today.

Self Contributions

Employer Match

Interest

Total contributions	$516,720
Employee contributions	$453,235
Employer match	$63,485
Total interest	$1,021,243
Total payouts	$2,047,081
Withdrawing monthly	$11,018 per month can be withdrawn in retirement until 85. At 65, this is equivalent to $3,916 in purchasing power today, and at 85, is equivalent to $2,168.
Withdrawing annually	$134,087 per year can be withdrawn in retirement until 85. At 65, this is equivalent to $47,652 in purchasing power today, and at 85, is equivalent to $26,384.

What is an Online 401(k) Calculator?

An Online 401(k) Calculator is a financial tool designed to help individuals estimate the future value of their 401(k) retirement savings account. It takes into account variables such as contributions, employer matches, expected rate of return, and time until retirement, providing insights into how much money you might have saved by retirement age.

How to Use an Online 401(k) Calculator?

Input Your Current Savings:
- Enter the amount already saved in your 401(k) account (if any).
Specify Your Annual Contribution:
- Add the percentage or dollar amount you contribute annually to your 401(k).
Include Employer Match Details:
- Input the percentage or amount your employer contributes as a match to your contributions.
Enter Expected Rate of Return:
- Provide an estimated annual growth rate based on historical market performance or personal expectations.
Define Your Retirement Age:
- State when you plan to retire and begin withdrawing from your 401(k).
Click on Calculate:
- The tool will project the estimated balance in your 401(k) at retirement.

Frequently Asked Questions-

What factors does a 401(k) Calculator consider?
- It considers your current savings, contributions, employer match, rate of return, time until retirement, and inflation (if applicable).
Can I include catch-up contributions in the calculator?
- Yes, many calculators allow you to factor in catch-up contributions for those aged 50 or older.
What is a realistic rate of return to use in the calculator?
- A typical conservative estimate is 5-8%, but this depends on your investment strategy and market conditions.
Does the calculator account for taxes on withdrawals?
- Some calculators include tax estimations, but others may require manual adjustments for post-retirement tax rates.
Can I use a 401(k) Calculator to compare traditional vs. Roth 401(k) plans?
- Many calculators allow you to simulate savings growth under both types to help decide which plan is more advantageous for you.