401(k) Savings Calculator

A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you can not afford to pass up.
Annual Contribution Amount ($): OR  Percent to contribute:
Annual Salary ($): Catch-up ($):
Number of Years to Save: Current 401(k) Balance ($):
Estimated Salary Increase Rate (%):
Employer Contribution Match Rate (%):
Maximum Percentage to Contribution (%):
Investment Rate of Return (%):

Definitions

Catch-up
Apply "Catch-up" Contribution for Workers 50+
Percent to contribute
This is the percentage of your annual salary you contribute to your 401(k) plan each year. Most employers permit employees to contribute up to 15 percent of their salary to a 401(k).
Estimated Salary Increase Rate
In order to keep your contribution at a FIXED value,please enter the number 0 in this field.
Maximum Percentage of Salary Contribution
Matched by Your Employer (If your employer has no maximum, please enter the number 100 in this field.)

This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assumed to happen before the first payment of the loan.

Unless indicated otherwise: intraday data is at least 15 minutes delayed; mutual fund NAVs are updated at the close of every market day; all prices are in the local currency; Time is ET.

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