Plan Your Retirement with a 401(k)!
See how your 401(k) can grow with employer match, tax benefits, and compounding. Estimate your after-tax retirement balance and more.
How This 401(k) Calculator Works
Our 401(k) calculator estimates retirement savings by modeling annual contributions (employee and employer), salary growth, investment returns, and plan fees. It applies IRS contribution limits and catch-up rules for those 50+.
Key Components
- Employer match: Percent of salary, up to a cap, subject to IRS limits
- Investment growth: Compounded annually after contributions and fees
- Fees: Deducted annually as a percent of balance
- Taxes: Traditional 401(k) withdrawals taxed at retirement rates; Roth withdrawals tax-free if qualified
- RMDs: Required for traditional 401(k) after age 73; we use a simplified IRS table
Disclaimer
Actual results may vary. Consult a financial advisor for personalized advice.
Feedback & Comments
Sign in to post a comment.