401(k) Calculator
Personal & Plan Details
401(k) Analysis
Understanding Your 401(k)
A 401(k) is a powerful retirement savings tool that offers tax advantages and potential employer matching contributions. This calculator helps you estimate how your 401(k) balance might grow over time based on your contributions, employer match, and investment returns.
Key 401(k) Features
Contribution Limits
For 2025, you can contribute up to $22,500to your 401(k). If you're 50 or older, you can make additional catch-up contributions of up to $7,500.
Employer Match
Many employers match a portion of your contributions, effectively providing "free money" for your retirement. Taking full advantage of your employer match can significantly boost your retirement savings.
Maximizing Your 401(k)
- Contribute at least enough to get your full employer match
- Consider increasing contributions when you get a raise
- Take advantage of catch-up contributions if you're 50 or older
- Review and rebalance your investment choices periodically
Remember that while this calculator provides estimates based on your inputs, actual results will vary depending on market performance and other factors. Consider consulting with a financial advisor for personalized retirement planning advice.