401k Calculator
Calculate your 401k retirement savings potential with employer matching and compound interest projections
401k Calculator
Ready to Calculate
Enter your 401k details to see projections and recommendations.
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How to Use This Calculator
Enter Your Current Age
Start by entering your current age. This determines how many years you have until retirement to grow your 401k balance.
Set Retirement Age
Choose when you plan to retire. The typical retirement age is between 62-67, but you can customize based on your personal goals.
Input Current 401k Balance
Enter how much you currently have in your 401k account. If you're just starting, you can enter 0.
Enter Annual Salary
Input your current annual salary. This is used to calculate employer matching limits and contribution percentages.
Set Annual Contribution
Enter how much you plan to contribute annually to your 401k. For 2024, the limit is $23,000 (or $30,500 if you're 50+).
Enter Employer Match
Input your employer's matching percentage. Common matches are 3-6% of salary. Check with HR for your specific match.
Choose Expected Return
Enter the expected annual return on your 401k investments. Conservative: 5-7%, Moderate: 7-9%, Aggressive: 9-11%.
Review Results
Analyze your projected 401k balance, employer matching benefits, and retirement income potential.
401k Planning Tips
Contribute at least enough to get your full employer match - it's free money that can double your contributions
Maximize your annual contribution limit ($23,000 for 2024, $30,500 if 50+) for tax advantages and growth
Start contributing early to take maximum advantage of compound interest over decades
Consider increasing your contribution by 1-2% each year or whenever you get a raise
Diversify your 401k investments across different asset classes to manage risk
Don't panic during market downturns - stay invested and continue regular contributions
Review and rebalance your 401k portfolio annually to maintain your target asset allocation
Consider Roth 401k contributions if your employer offers them for tax-free retirement withdrawals
Avoid early withdrawals and loans from your 401k to preserve your retirement savings
Take advantage of catch-up contributions if you're 50 or older to accelerate savings