401(k) Retirement Calculator
Plan your future with our comprehensive 401(k) projection tool. See how your savings grow with employer contributions and compounding interest.
Maximizing Your 401(k)
A 401(k) plan is one of the most powerful tools for building wealth in the United States. Because contributions are often taken from your paycheck before taxes, it lowers your taxable income today while building a secure future.
The Power of the Match
If your employer offers a "match," they are giving you a 100% return on your investment immediately. For example, if they match 50% of your contributions up to 6% of your salary, and you earn $100,000, contributing $6,000 will result in an extra $3,000 from your employer. Never leave this money on the table.
401(k) FAQs
What is a 401(k) plan?
A 401(k) is a retirement savings plan offered by American employers that has tax advantages for the saver. Employees can contribute a portion of their wages to individual accounts.
What is an employer match?
An employer match is when your company contributes to your 401(k) based on your own contributions. It is essentially "free money" and one of the best ways to grow retirement savings.
How much should I contribute to my 401(k)?
At a minimum, you should contribute enough to get the full employer match. Most financial experts recommend saving 15% of your gross income for retirement.
What is the 401(k) contribution limit for 2026?
The IRS sets annual contribution limits. For 2026, the limit is typically around $23,500 for individuals under 50, with additional "catch-up" contributions allowed for those older.
Retirement Tips
- 01 Start Early: Compounding works best over long periods. Starting at 25 vs 35 can double your final balance.
- 02 Auto-Increase: Increase your contribution by 1% every time you get a raise. You won't feel the difference!
- 03 Check Fees: Be aware of high-expense ratios in your fund choices which can eat into your returns.