💰 401k Calculator

Calculate your 401k retirement savings with employer match, tax benefits, and investment growth projections.

Current Age

Retirement Age

Annual Salary ($)

Your Contribution (%)

Employer Match (%) % of your contribution (e.g., 50% match on first 6%)

Match Limit (% of salary)

Current 401k Balance ($)

Expected Annual Return (%) Historical average: 7-10%

Annual Salary Increase (%)

❓ 401k FAQs

How much should I contribute to my 401k?

Financial experts recommend contributing at least enough to get your full employer match (typically 3-6% of salary). Ideally, aim for 10-15% of your gross income. The 2024 IRS limit is $23,000 ($30,500 if age 50+).

What is employer 401k matching?

Employer matching is when your company contributes money to your 401k based on your contributions. Common matches are 50% or 100% of your contribution up to 3-6% of your salary. This is free money you should always maximize.

What's a good 401k balance by age?

Rule of thumb: By age 30, have 1x your salary saved. By 40, have 3x. By 50, have 6x. By 60, have 8x. By 67, have 10x your salary saved for a comfortable retirement.