401(k) Calculator

Enter all of the fields below,
then press the View Schedule button.
Current 401(k) Balance
$
Current Annual Income
$
Expected Annual Salary Increase
%
Percent of Salary Withheld for 401(k)
Invested:
%
Employer Match
Frequency of Match:
% up to
% of salary
Years to Fund 401(k)
Average Annual Interest Rate Earned
Compounded:
%

Note: To view the schedule, all input fields must contain a value.
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Note:
  • Contributions are made at the end of the period.
  • The maximum pre-tax amount that you are allowed to contribute to this plan is capped annually by the IRS. This calculator will not check to see if you are over-contributing! That is a function of your plan administrator. Please click this link for up to date limits and details.

EXAMPLE:
  1. What will be the approximate value of your 401(k) in 10 years?
  • The assumptions:
  • You currently have $20,000 in your 401(k). Your annual salary is $50,000 and you hope to receive a 3% annual salary increase. You are contributing 6% of your salary to the plan (invested monthly in a mutual fund) and your employer will match your contribution 100% up to a maximum of 6% of your annual salary. They are matching that on an annual basis. The plan has been earning an average of 11% (compounded annually) per year, and you expect that to continue.

    Enter:
    • 20000 = Current 401(k) Balance
    • 50000 = Current Annual Income
    • 3 = Expected Annual Salary Increase
    • 6 = Percent of Salary Withheld for 401(k) (Monthly box checked)
    • 100 and 6 respectively = Employer Match (Annually box checked)
    • 10 = Years to Fund 401(k)
    • 11 = Average Annual Interest Rate Earned (Annually box checked)
    Press View Schedule You will have $ 171,725.44 in your 401(k) in 10 years (assuming all variables are met, of course).

*After you view the schedule and find out how much you'll save in your 401(k), use one of my Retirement Calculators to see if that alone will be enough.




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