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401K Calculator
Use this free 401K Calculator to project the growth of your retirement contributions. Simple, accurate, and easy to use for employees.
Your 401(k) is likely your most powerful wealth-building tool, thanks to employer matching and tax advantages. The 401K Calculator helps you project the future value of this account based on your salary contributions and your employer's match.
Seeing the long-term impact of that "free money" from your employer can be highly motivating. This tool encourages you to maximize your contributions to secure your future.
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INPUT VALUES
When to Use This Calculator
Use the 401K Calculator when starting a new job or during open enrollment.
- Maximize Match: ensure you are contributing enough to get the full employer match.
- Raise Allocation: "If I increase my contribution from 3% to 5%, how much extra will I have in 20 years?"
Example Scenario
Salary: $70,000. You contribute 6%. Employer matches 50% up to 6% (so 3% free).
Total annual contribution: $4,200 (You) + $2,100 (Employer) = $6,300.
Over 30 years at 7% growth, that extra employer match accounts for over $200,000 of your final balance!