401(k) Calculator

💰 401(k) Calculator

What Is a 401(k) Calculator?

A 401(k) calculator helps you estimate how much money you'll have saved by the time you retire—based on your current contributions, employer match, investment returns, and retirement age.

It’s the perfect tool to:

• Visualize your retirement savings growth

• See how small changes in contributions impact long-term results

• Plan for financial independence

Whether you're 22 or 52, it’s never too early (or too late) to take control of your retirement strategy .

🧮 How to Use This Calculator

Enter the following information:

1. Current Age – Your age today

2. Retirement Age – When you plan to retire

3. Current 401(k) Balance – If you’ve already started saving

4. Annual Salary – Your current gross income

5. Employee Contribution (%) – How much of your salary you contribute

6. Employer Match (%) – Your company’s matching policy

7. Expected Annual Return (%) – Your investment growth rate (average is 6%–8%)

8. (Optional) Contribution Increases – If you plan to raise your contributions yearly

Click “Calculate” to see:

• Projected 401(k) balance at retirement

• Total contributions vs. investment growth

• Graphs of your annual progress

📊 Example Scenario

Let’s say:

• Age: 30

• Retirement Age: 65

• Current Balance: $10,000

• Salary: $60,000/year

• Contribution: 10%

• Employer Match: 4%

• Return Rate: 7%

👉 By age 65, you could have ~$1.1 million in your 401(k)—with over half coming from investment growth!

💡 Tip: The earlier you start, the more time your money has to grow through compound interest.

🧠 Why 401(k)s Are Powerful

• Tax-deferred growth: Your investments grow without being taxed each year

• Employer matching: It’s literally free money—never leave it on the table

• Automatic saving: Contributions are deducted from your paycheck effortlessly

• High contribution limits: $23,000/year (2025), with catch-up contributions if you’re 50+

📘 Retirement Planning Tips

• Always contribute enough to get the full employer match

• Increase contributions 1% each year – Especially after raises

• Don’t cash out early – Early withdrawals may be taxed + penalized

• Diversify your investments – Balance risk and return as you age

• Review your plan annually – Life changes, and your plan should too

❓ Frequently Asked Questions (FAQs)

1. What’s the max 401(k) contribution limit?

For 2025, you can contribute up to $23,000/year (plus $7,500 in catch-up contributions if you're 50+).

2. Is a 401(k) better than a Roth IRA?

Both have pros and cons. A 401(k) uses pre-tax dollars and offers higher contribution limits, while a Roth IRA uses after-tax dollars and allows tax-free withdrawals in retirement. Many people contribute to both.

3. What happens to my 401(k) if I change jobs?

You have options: leave it in the old plan, roll it over into an IRA, or transfer it to your new employer's plan. Don’t withdraw it unless absolutely necessary!

✅ Final Thoughts

Your 401(k) could be the cornerstone of your retirement plan . With consistent contributions and time on your side, it can grow into a substantial nest egg.

Use our 401(k) Calculator to map your path to retirement freedom—and take action today to build a future you'll be proud of.