Project your 401(k) balance at retirement. See the impact of employer match, contribution rate, and investment returns on your nest egg.
401(k) Settings
Enter your retirement savings details
$
%
1%23% (IRS limit 2024)
%
% of Salary
e.g., 50% match on first 6% = 3% free money
$
%
%
Projected 401(k) Balance
$—
At retirement
Annual Match Earned
$—
Your Total Contributions
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Employer Match Total
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Investment Growth
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Monthly Retirement Income
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Starting Balance
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Your Contributions
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Employer Contributions
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Investment Growth
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Total 401(k) Balance
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Monthly Withdrawal (4% rule)
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FAQ
What is employer match?
Employer match is free money. If your employer matches 50% of your contributions up to 6% of salary, contributing 6% means your employer adds another 3%. Always contribute at least enough to capture the full match.
What are the 401(k) contribution limits for 2024?
In 2024, employees can contribute up to $23,000 (under 50) or $30,500 (50+, with $7,500 catch-up). These limits are indexed to inflation annually.
When can I withdraw from my 401(k)?
You can withdraw without penalty at age 59½. Early withdrawals are subject to a 10% penalty plus income tax. Required Minimum Distributions (RMDs) start at age 73.
Traditional vs. Roth 401(k)?
Traditional: Contributions are pre-tax; withdrawals taxed. Roth: Contributions are after-tax; withdrawals are tax-free in retirement. Roth is often better if you expect to be in a higher tax bracket in retirement.