401k Retirement Savings Calculator
Project how much your 401k will be worth at retirement. Enter your current age, salary, contribution percentage, employer match, and expected return to see your projected balance.
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Frequently Asked Questions
What is the 401(k) contribution limit?
For 2024, the employee contribution limit is $23,000 ($30,500 if age 50+, including $7,500 catch-up contribution). Combined employer + employee contributions cannot exceed $69,000 ($76,500 with catch-up).
Should I contribute traditional (pre-tax) or Roth 401(k)?
Traditional 401(k): contributions reduce taxable income now; withdrawals are taxed in retirement. Roth 401(k): contributions are after-tax; withdrawals are tax-free. Generally, if you expect a higher tax rate in retirement, Roth is better; lower rate, traditional is better.
What does employer match mean and how does it work?
Employer match is free money — the company adds a percentage of your contribution. A common structure: 100% match up to 3% of salary, plus 50% match on the next 2%. To capture a full match on $60,000 salary, contribute $3,000 = $2,400 employer contribution.