401k Calculator

401(k) Plan Assumptions Summary of Results
Current Age Years to Invest 26
Age at Retirement
Balance and Salary Future Value
Current 401(k) Balance Estimated Value After 26 Years 2916431
Current Annual Salary Ending Salary 328121
Annual Increase in Salary
Contributions Total Contributions
% of Salary to Contribute Your Contributions 673418
Employer Match (% of contrib.) Employer Contributions 202025
Employer Maximum (% of salary) Total Contributions 875444
Return
Annual Rate of Return
Payments Per Year

Random Rates
Min -4
Max 10
Average 7

Year Age Rate Salary Annual
Contribution		 Employer
Contribution		 Interest Balance
My Contribution Total Contribution
 

User Guide for 401(k) Plan Calculator

Overview

This 401(k) plan calculator is designed to help you estimate the future value of your 401(k) retirement plan based on various assumptions like current age, salary, contribution percentages, employer match, and expected annual rate of return.

    Inputs

  • Current Age: Your current age.Age at Retirement: The age at which you plan to retire.
  • Current 401(k) Balance: The existing amount in your 401(k) account.
  • Current Annual Salary: Your current yearly salary.
  • Annual Increase in Salary (%): The expected annual percentage increase in your salary.
  • % of Salary to Contribute: The percentage of your salary that you contribute to your 401(k) plan annually.
  • Employer Match (% of Contribution): The percentage of your contribution that your employer matches.
  • Employer Maximum (% of Salary): The maximum percentage of your salary that your employer will match.
  • Annual Rate of Return (%): The expected annual return rate on your 401(k) investments.
  • Payments Per Year: The number of contributions made to the 401(k) account per year.

    Outputs

  • Years to Invest: The number of years until retirement.
  • Estimated Value After [Years to Invest] Years: The projected value of your 401(k) account at retirement.
  • Ending Salary: The estimated final annual salary at the time of retirement, considering annual salary increases.
  • Your Contributions: The total amount you will have contributed to the 401(k) plan by retirement.
  • Employer Contributions: The total contribution made by your employer based on their match.
  • Total Contributions: The combined total of your and your employer’s contributions.









Additional Features

Warning: Annual Contribution Over $16,500 Limit: The calculator will provide a warning if your annual contributions exceed the IRS limit for 401(k) contributions.

Example Calculation

    Inputs

  • Current Age: 40
  • Age at Retirement: 65
  • Current 401(k) Balance: $100,000
  • Current Annual Salary: $200,000
  • Annual Increase in Salary: 2%
  • % of Salary to Contribute: 10%
  • Employer Match: 50% of contribution
  • Employer Maximum: 6% of salary
  • Annual Rate of Return: 7%
  • Payments Per Year: 26

    Ouputs

  • Years to Invest: 26
  • Estimated Value After 26 Years: $2,916,431
  • Ending Salary: $328,121
  • Your Contributions: $673,418
  • Employer Contributions: $202,025
  • Total Contributions: $875,444




Important Notes

  • This calculator provides estimates based on the inputs provided and does not guarantee future returns.
  • Regularly review and adjust your contributions and investment strategies to meet your retirement goals.
  • Be aware of the annual limits set by the IRS for 401(k) contributions and adjust accordingly.
  • Consult with a financial advisor for personalized advice tailored to your specific circumstances.