401(k) Calculator
Project the growth of your 401(k) retirement account. Enter your salary, contribution percentage, employer match details, and expected return rate to see how your retirement savings will grow over time.
401(k) Calculator
FAQ
What is a 401(k) employer match?
An employer match is when your company contributes to your 401(k) based on your own contributions. For example, a 50% match up to 6% means if you contribute 6% of your salary, your employer adds an additional 3%.
How much should I contribute to my 401(k)?
At minimum, contribute enough to get the full employer match as it is essentially free money. Financial advisors often recommend contributing 10-15% of your income for retirement, including employer contributions.
What are the 401(k) contribution limits?
For 2024, the employee contribution limit is $23,000 (or $30,500 if you are 50 or older). The combined employer and employee contribution limit is $69,000. These limits are adjusted periodically for inflation.