Estimate how much your 401(k) plan will grow over time with our free 401(k) Retirement Calculator. Factor in salary contributions, employer match, and investment growth to see your retirement savings potential.
A 401(k) is basically a contributory pension scheme / retirement savings plan offered by many employers. Employees can contribute a portion of their salary, and employers often match a percentage of those contributions.
Employers may contribute to your 401(k) based on how much you contribute. For example, a common match is 50% of your contributions up to 6% of your salary. Let’s say you earn $1,000 per month and choose to contribute 5% ($50) to your 401(k). If your employer offers a 50% match, they’ll contribute half of your 5%, which is 2.5% ($25).You get $75 saved that month
No,401(k) Employer Matching is not required by law in the U.S. Many employers do it to attract and keep workers.
You do! You get to choose how much of your paycheck you want to contribute—as a percentage or a fixed dollar amount.Some employers automatically enroll you at a default percent (like 3%), but you can change or opt out anytime.
No, U.S. tax law does not force you to contribute anything to a 401(k) but it sets a maximum limit—how much you are allowed to put in each year. For 2025, the contribution limit is $23,500/year if you are under 50
Yes, you can change the expected annual return based on how you plan to invest your 401(k), such as stocks, bonds, or mutual funds.
Yes. This calculator adjusts your projected 401(k) balance for inflation to show you its real value in today’s dollars.
Yes, traditional 401(k) withdrawals are taxed as ordinary income in retirement. Roth 401(k) withdrawals, however, may be tax-free.
It helps you estimate how much you could accumulate by retirement based on your current saving habits and employer contributions, helping you plan ahead.
A Traditional 401(k) lets you contribute pre-tax income, which lowers your taxable income now but you’ll pay taxes when you withdraw the money in retirement while A Roth 401(k) uses after-tax income, meaning you pay taxes up front, but your withdrawals (including investment gains) are tax-free in retirement if certain conditions are met.
While this tool is designed for traditional 401(k) plans, self-employed individuals can use similar inputs to estimate growth in solo 401(k) or SEP IRA accounts.
This simple calculator does not include catch-up contributions for those 50 and older, but you can manually increase your contribution percentage to approximate it.
Yes, the calculator is fully responsive and works smoothly on mobile phones, tablets, and desktops.
No signup is required. This 401(k) calculator is completely free and accessible without logging in.