Solo 401k Plan Calculator

If you are self-employed, a Solo 401k Plan (aka “individual 401k”) can be one of the best tools available to create a secure retirement. First, like regular 401k accounts, all contributions and earnings to your Solo 401k are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, it has very high contribution limits – allowing you to contribute more to your Solo 401k each year. For those aiming to max out tax-advantaged retirement savings, the Solo 401k can’t be beat.1 This Solo 401k plan calculator will assist you in determining 1) what your maximum annual contribution can be and, 2) how funding a Solo 401k plan can help you build a healthy retirement nest egg.

Using the Solo 401k Plan Calculator

Enter your own information into our Solo 401k Plan 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 calculator to produce meaningful results. Produce a full detailed report to see a year-by-year break down of your Solo 401k account balance, cumulative contributions, investment earnings, and maximum allowable contribution. 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 and interactive Solo 401k Plan calculators 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. Here’s an IRS presentation that provides an in-depth discussion of Solo 401k’s. []