401(k) retirement calculator
Calculate 401(k) retirement growth with employer matching, annual contributions, compound interest and target retirement balance.
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Assumes steady contributions over working years. In 2024, the IRS employee 401(k) contribution limit is $23,000 (or $30,500 for age 50+).
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About this tool
Plan your retirement savings and see how compound interest grows your 401(k) nest egg. Factor in your current balance, annual salary, personal contribution percentage, and company matching contributions.
How to use it
- 1 Enter your current age and planned retirement age.
- 2 Enter your annual salary, current 401(k) balance, and contribution percentage.
- 3 Set your employer match terms and expected rate of return to project your final nest egg.
Questions
What is the 2024 IRS 401(k) contribution limit?
For 2024, employees can contribute up to $23,000 to a 401(k). Those aged 50 and older can make an additional catch-up contribution of up to $7,500, for a total of $30,500.
How does employer matching work?
Many companies offer matching contributions (e.g., 50% match up to 6% of your salary). Contributing enough to get the full match provides immediate guaranteed returns on your savings.
What is the 4% retirement rule?
The 4% rule suggests that withdrawing 4% of your total retirement portfolio in your first retirement year (adjusted for inflation thereafter) gives high confidence your money will last 30 years.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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