Retirement

401K Calculator

Project a 401(k) balance from the current account value, salary, employee contribution rate, employer match, salary growth, retirement age, and expected return. Separate employee deposits, employer contributions, and investment growth to understand how each affects the retirement balance.

Current Age

years

Annual Salary

401(k) Balance

Contribution

Employer Match

Emp. Match Limit

Projections

Retirement

years

Life Expectancy

years

Annual Return

Inflation Rate

Salary Increase

% per year

There was an error with your calculation.

Result

At the retirement age of 65, the 401(k) balance will be $1,537,963, which is equivalent to $546,566 in purchasing power today.

Self Contributions

Employer Match

Interest

Total contributions	$516,720
Employee contributions	$453,235
Employer match	$63,485
Total interest	$1,021,243
Total payouts	$2,047,081
Withdrawing monthly	$11,018 per month can be withdrawn in retirement until 85. At 65, this is equivalent to $3,916 in purchasing power today, and at 85, is equivalent to $2,168.
Withdrawing annually	$134,087 per year can be withdrawn in retirement until 85. At 65, this is equivalent to $47,652 in purchasing power today, and at 85, is equivalent to $26,384.

Input parameters

Current Age: Your age at the start of the projection.
Annual Salary: Gross pay earned during one year.
401(k) Balance: Current workplace retirement-plan balance.
Contribution: Percentage of salary contributed by the employee.
Employer Match: Employer matching percentage.
Emp. Match Limit: Maximum salary percentage eligible for matching.
Retirement: Planned retirement age.
Life Expectancy: Age used to estimate retirement duration.
Annual Return: The estimated percentage earned by the account each year.
Inflation Rate: The expected annual increase in prices.
Salary Increase: Expected annual salary growth.

Understanding the results

Balance at retirement: Projected employee contributions, employer match, and growth.
Employee contributions: Total estimated amount contributed by the employee.
Employer match: Total estimated employer contributions.

Calculation principle

Each year the tool grows the balance, increases salary, and adds employee and employer contributions subject to the match limit.

Read and validate the entered values.
Convert percentages and time periods into compatible units.
Apply the formulas below and present the calculated results.

Formulas

Employee contribution Employee = Salary × Contribution %

Employer match Match = min(Employee %, Match limit %) × Salary × Match %

Next balance Balance_next = Balance × (1 + Return) + Employee + Match

Symbols refer to the corresponding input and result labels shown above.

How to use this calculator

Enter your figures, choose any available options, and select Calculate. You can change the inputs as often as you like to compare scenarios.

Planning note

Results are estimates for education and planning. Taxes, lender rules, fees, and investment returns can vary, so verify important decisions with a qualified professional.

Input parameters

Understanding the results

Calculation principle

Formulas

How to use this calculator

Planning note

More financial calculators