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401k Retirement Calculator
401k Retirement Calculator
Annual Salary
$
Monthly contribution
%
Annual Salary Rise
%
Current Age
Current Age*
Retirement Age
Retirement Age*
Expected Rate of Return
%
Current 401k Balance
$
Employer Match
%
Salary Limit for Employer Match
%
Estimated Balance at Retirement$718,831.77
Total Employee Contribution$140,000
Total Employer Contribution$42,000
Payment Schedule
This table lists how much principal and interest are paid in each scheduled loan payment.
30
$40,000.00
$4,000.00
$1,200.00
$5,200.00
31
$40,000.00
$4,000.00
$1,200.00
$10,764.00
32
$40,000.00
$4,000.00
$1,200.00
$16,717.48
33
$40,000.00
$4,000.00
$1,200.00
$23,087.70
34
$40,000.00
$4,000.00
$1,200.00
$29,903.84
35
$40,000.00
$4,000.00
$1,200.00
$37,197.11
36
$40,000.00
$4,000.00
$1,200.00
$45,000.91
37
$40,000.00
$4,000.00
$1,200.00
$53,350.97
38
$40,000.00
$4,000.00
$1,200.00
$62,285.54
39
$40,000.00
$4,000.00
$1,200.00
$71,845.53
40
$40,000.00
$4,000.00
$1,200.00
$82,074.72
41
$40,000.00
$4,000.00
$1,200.00
$93,019.95
42
$40,000.00
$4,000.00
$1,200.00
$104,731.34
43
$40,000.00
$4,000.00
$1,200.00
$117,262.54
44
$40,000.00
$4,000.00
$1,200.00
$130,670.91
45
$40,000.00
$4,000.00
$1,200.00
$145,017.88
46
$40,000.00
$4,000.00
$1,200.00
$160,369.13
47
$40,000.00
$4,000.00
$1,200.00
$176,794.97
48
$40,000.00
$4,000.00
$1,200.00
$194,370.62
49
$40,000.00
$4,000.00
$1,200.00
$213,176.56
50
$40,000.00
$4,000.00
$1,200.00
$233,298.92
51
$40,000.00
$4,000.00
$1,200.00
$254,829.84
52
$40,000.00
$4,000.00
$1,200.00
$277,867.93
53
$40,000.00
$4,000.00
$1,200.00
$302,518.69
54
$40,000.00
$4,000.00
$1,200.00
$328,895.00
55
$40,000.00
$4,000.00
$1,200.00
$357,117.65
56
$40,000.00
$4,000.00
$1,200.00
$387,315.88
57
$40,000.00
$4,000.00
$1,200.00
$419,627.99
58
$40,000.00
$4,000.00
$1,200.00
$454,201.95
59
$40,000.00
$4,000.00
$1,200.00
$491,196.09
60
$40,000.00
$4,000.00
$1,200.00
$530,779.82
61
$40,000.00
$4,000.00
$1,200.00
$573,134.40
62
$40,000.00
$4,000.00
$1,200.00
$618,453.81
63
$40,000.00
$4,000.00
$1,200.00
$666,945.58
64
$40,000.00
$4,000.00
$1,200.00
$718,831.77
Popular 401(k) Funds
Fidelity 500 Index Fund
Moderate Buy
$232.23
Fidelity NASDAQ Composite Index
Moderate Buy
$280.06
Baron Partners Fund
Moderate Buy
$180.26
Fidelity Growth Discovery Fund
Strong Buy
$74.33
Columbia Seligman Technology & Information Fund, Inc. Class A
Moderate Buy
$158.63
Fidelity Select Semiconductors Portfolio
Strong Buy
$43.01
Parnassus Endeavor Fund - Investor Shares
Moderate Buy
$66.49
T. Rowe Price Global Stock Fund
Moderate Buy
$77.13
Definitions
This percentage of your annual salary is contributed to your 401(k) plan each year. Most employers allow contributions of up to 100% of your salary.
Your yearly income before taxes and deductions from your employer. This figure is used to calculate your 401(k) contribution and employer match, so it should only include income from your employer.
Based on your annual salary and the percentage you contribute, this is your total yearly contribution to your 401(k). Note that the annual maximum for 2023 is $22,500. For those aged 50 and above, an additional "catch-up" contribution of $7,500 is allowed. Employer contributions do not count toward this limit.
Those earning $150,000 or more in 2023 may face additional contribution limits based on their employer’s 401(k) participation. Current Age: Your present age.
The age at which you plan to retire. This calculator assumes no contributions in the year of retirement.
The current amount in your 401(k) account.
The expected yearly return rate for your 401(k), compounded annually. Returns depend on your investment choices and market conditions, with the S&P 500 historically returning about 10%. Remember, higher returns typically involve higher risks.
The expected annual percentage increase in your salary, assumed to continue until retirement.
Additional contributions from your employer, based on a percentage of your annual contributions. This often ranges from 0% to 100% of your contributions, subject to a maximum percentage of your salary.
The highest percentage of your salary that your employer will match, regardless of your contribution amount. For instance, with a 50% match up to 6% of a $25,000 salary, your employer contributes $750, whether you contribute 6% or 10% of your salary.
More Information about 401(k)s