401K Calculator
Calculate your 401(k) retirement savings with employer matching. Compare Roth vs Traditional and see your projected retirement balance.
401(k) Plan Details
Annual Contribution: $7,500/year
Your employer matches up to this % of your salary
Projected Balance at Retirement
$1,709,071
at age 65
Monthly Retirement Income (4% Rule)
$5,697/mo
2024 Contribution Limits
Under 50: $23,000/year
50+: $30,500/year (with catch-up)
Savings Breakdown
401(k) Projected Balance at Retirement
Traditional vs Roth 401(k)
Traditional 401(k)
Contributions reduce taxable income now. Withdrawals are taxed in retirement.
Roth 401(k)
Contributions are after-tax. Qualified withdrawals are tax-free in retirement.
401(k) Tips
- 1Always contribute enough to get the full employer match - it's free money
- 2Max out contributions if possible, especially with high income
- 3Consider Roth if you expect higher taxes in retirement
- 4Increase contribution rate with each raise
- 5Review and rebalance investments annually
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