401(k) Retirement Calculator
Plan your retirement by projecting your 401(k) growth. Enter your salary, contribution rate, employer match, current savings, years to retirement, and expected return rate.
How 401(k) Retirement Savings Work
A 401(k) is an employer-sponsored retirement savings plan that allows you to save and invest a portion of your paycheck before taxes are taken out. Many employers match a portion of your contributions.
Tax Advantages
Traditional 401(k) contributions are pre-tax, reducing your current taxable income. You pay taxes when you withdraw in retirement. Roth 401(k) contributions are after-tax, but withdrawals in retirement are tax-free.
Maximizing Your Savings
Always contribute enough to get your full employer match. Then consider increasing contributions by 1% each year. The power of compound growth over decades makes even small increases in contributions highly impactful.