401(k) Contribution Calculator
Calculate optimal 401(k) contributions and employer matching benefits
About this calculator
The 401(k) Contribution Calculator helps you determine the optimal amount to contribute to your employer-sponsored retirement plan while maximizing employer matching benefits. This tool analyzes your salary, current contribution rate, and employer match policy to show how much free money you could be leaving on the table. By calculating different contribution scenarios, you can make informed decisions about your retirement savings strategy and ensure you're getting the full employer match available to you.
How to use
Enter your annual salary, current 401(k) contribution percentage, and your employer's matching formula (such as 50% match up to 6% of salary). The calculator will show your annual contribution amount, employer match dollars, and total retirement savings. Adjust your contribution percentage to see how it affects your employer match and overall retirement benefits.
Frequently asked questions
What is employer 401(k) matching?
Employer matching is when your company contributes additional money to your 401(k) based on how much you contribute, essentially providing free money toward your retirement.
How much should I contribute to my 401(k)?
At minimum, contribute enough to receive your full employer match. For 2024, you can contribute up to $23,000 annually, or $30,500 if you're 50 or older.
When does employer matching vest?
Vesting schedules vary by employer, typically ranging from immediate vesting to 6 years. Check your plan documents to understand when you fully own employer contributions.