401k Calculator

401k plans are now the primary retirement savings tool for U.S. workers.1 But many 401k plan participants are not taking maximum advantage of their retirement savings opportunities. Often workers do not fully understand concepts like compounding or the importance of starting a retirement savings program as early possible. This 401k calculator is designed to be easy to use while still providing powerful capabilities to visually test out different savings scenarios and assumptions. A 401k provides you with two important advantages. First, all contributions and earnings are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401k account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan that can help you meet your retirement goal.

Using the 401k Calculator

Enter your own information into our 401k calculator. You can easily change the inputs to see what the impact will be. Areas highlighted in red will need to be filled in in order for the 401k calculator to produce meaningful results. Easily generate and view a full detailed report to see a year-by-year break down of your 401k account balance, cumulative contributions, employer match and investment returns. Also check out our many other 401k planning calculators including the 401k withholding calculator which shows how changing your 401k contributions affects your net take pay.

Information, interactive 401k calculators and 401k Tips are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

  1. The IRS publishes a useful 401k Resource Guide. []