401k Calculator
Calculate your 401(k) retirement savings. Enter your age, salary, contribution rate, and employer match to see how much you'll have at retirement.
Age when you plan to retire
Your current 401(k) account balance
Percentage of salary you contribute (pre-tax)
Percentage employer matches (e.g., 50% = $0.50 per $1.00)
Maximum salary % they match (e.g., 50% up to 6% of salary)
Expected annual raise percentage
Historical average is 7-10% for stock-heavy portfolios
How much should I contribute to my 401(k)?
At minimum, contribute enough to get the full employer match - it's free money! The IRS limit for 2024 is $23,000 ($30,500 if age 50+). Financial experts recommend saving 10-15% of your salary for retirement. Start with the match, then increase by 1% annually.
What is a 401(k) employer match?
An employer match is when your company contributes to your 401(k) based on your contributions. Common formulas: "50% match up to 6%" means they add $0.50 for every $1 you contribute, up to 6% of your salary. If you earn $50K and contribute 6% ($3K), they add $1.5K.
What is a good rate of return for 401(k)?
Historically, the stock market averages 10% annual returns. However, 401(k) portfolios with mixed stocks/bonds typically average 7-8%. Conservative estimates use 6-7%. Actual returns vary year to year, but long-term averages smooth out volatility.
What is the 4% withdrawal rule?
The 4% rule suggests withdrawing 4% of your retirement savings annually to make it last 30+ years. If you retire with $1 million, you could withdraw $40,000/year ($3,333/month). This accounts for inflation and market fluctuations.