401(k) Calculator

Estimate retirement savings, analyze early withdrawals, and optimize employer match contributions

401(k) Balance Calculator

Current Age

Current Annual Salary ($)

Current 401(k) Balance ($)

Contribution (% of salary)

Employer Match (%)

Employer Match Limit (%)

Expected Retirement Age

Life Expectancy

Expected Salary Increase (% per year)

Expected Annual Return (%)

Expected Inflation Rate (%)

Early Withdrawal Amount ($)

Federal Income Tax Rate (%)

State Income Tax Rate (%)

Local/City Income Tax Rate (%)

Are you employed?

Do you have a qualifying disability?

Do you qualify for other penalty exemptions?

Current Age

Current Annual Salary ($)

Employer Match 1 (%)

Employer Match 1 Limit (%)

Employer Match 2 (%)

Employer Match 2 Limit (%)

A 401(k) is a powerful retirement savings tool offering several advantages:

Tax Advantages:
Contributions reduce your taxable income, and earnings grow tax-deferred
Employer Match:
Many employers match a portion of your contributions - it's free money!
Compound Growth:
Your earnings generate their own earnings over time

Keep these factors in mind when managing your 401(k):

Early Withdrawal Penalties:
Withdrawals before age 59½ may incur a 10% penalty plus taxes
Contribution Limits:
The IRS sets annual limits on how much you can contribute
Investment Mix:
Diversification and regular rebalancing are important