401(k) Retirement Calculator
Calculate your 401(k) balance at retirement with employer matching and contribution limits
About this calculator
This 401(k) retirement calculator helps you project your account balance at retirement by factoring in your contributions, employer matching, investment growth, and annual contribution limits. It provides a comprehensive view of how consistent saving and employer benefits can build substantial retirement wealth over time. Use this tool to optimize your contribution strategy, understand the impact of employer matching, and make informed decisions about your retirement planning to ensure financial security in your golden years.
How to use
Enter your current age, retirement age, current 401(k) balance, and annual salary. Input your contribution percentage and employer matching details. Add expected annual return rate and the calculator will project your retirement balance, showing how contributions, matching, and compound growth work together over time.
Frequently asked questions
What's the current 401(k) contribution limit?
For 2024, the contribution limit is $23,000 for those under 50, with an additional $7,500 catch-up contribution allowed for those 50 and older.
How does employer matching work?
Employers typically match a percentage of your contributions, often 50-100% of contributions up to 3-6% of your salary. This is essentially free money.
What's a reasonable expected return rate?
Historical stock market averages suggest 6-8% annually for diversified portfolios, though actual returns vary significantly year to year and past performance doesn't guarantee future results.