401(k) Retirement Calculator
Estimate your future retirement savings based on your salary, contributions, employer match, and investment returns.
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Smart PicksHow to use 401(k) Retirement Calculator
Use our 401(k) retirement calculator to see how your savings can grow over time. Account for your current salary, contribution rate, employer matching, and expected investment returns to plan for a secure future.
- 1Enter your current age and planned retirement age.
- 2Input your annual salary and expected yearly salary growth.
- 3Set your contribution percentage and your employer's matching policy.
- 4Choose an expected annual return (e.g., 7% for balanced portfolios).
- 5Review your projected balance in the summary and annual table.
Common Use Cases
- Estimate your account balance at age 65 or 67
- See how a 1% or 2% increase in contributions impacts your long-term wealth
- Compare different investment return scenarios
Pro Tips
- Always aim to contribute at least enough to get the full employer match—it's essentially a 100% return on that portion of your investment.
- Starting just 5 years earlier can result in hundreds of thousands of dollars more due to compounding.
Frequently Asked Questions
Most financial experts recommend contributing at least enough to get your full employer match. Beyond that, aiming for 10% to 15% of your gross income is a common goal for retirement security.
Generally, withdrawals before age 59½ are subject to a 10% early withdrawal penalty plus regular income tax, though there are some exceptions for financial hardships.
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