💼 401(k) Calculator
Calculate 401(k) growth with employer match
e.g., 50 means employer matches 50% of your contribution
How 401(k) Calculation Works
- 1Enter your annual salary and contribution percentage.
- 2Enter your employer's match percentage and match limit.
- 3Enter the expected annual rate of return.
- 4Enter your current age and planned retirement age.
- 5The calculator projects your 401(k) balance at retirement including employer contributions.
About 401(k) Calculator
Calculate 401(k) growth with employer match, contribution limits, and tax advantages. Project your retirement balance based on salary, contribution rate, and investment returns.
Frequently Asked Questions
What is an employer match?
Many employers match a portion of your 401(k) contributions. For example, a 50% match on the first 6% means if you contribute 6% of salary, your employer adds another 3%. This is essentially free money.
What is the 401(k) contribution limit?
For 2024, the employee contribution limit is $23,000 ($30,500 if age 50+). The total limit including employer contributions is $69,000. These limits adjust annually for inflation.
Should I choose traditional or Roth 401(k)?
Traditional 401(k) contributions are pre-tax (reduce current taxable income) and taxed upon withdrawal. Roth 401(k) contributions are after-tax but withdrawals are tax-free. If you expect higher taxes in retirement, Roth is often better.