MathIsimple
Finance

401k Calculator

Calculate your 401k retirement savings with employer match and compound growth projections

100% FreeStep-by-Step Solutions
401k Calculator
Enter your current balance, contributions, employer match, and expected return

Percentage of your contribution that employer matches

Try These Examples
Click on any example to automatically fill the calculator
Example 1

10,000current,10,000 current,5,000 annual, 50% match, 7% return, 30 years

currentBalance: 10000
annualContribution: 5000
employerMatchPercent: 50
annualReturn: 7
years: 30
About 401k Plans

A 401k is a retirement savings plan offered by employers. Key features:

  • Pre-tax contributions reduce taxable income
  • Employer matching is "free money"
  • Tax-deferred growth until withdrawal
  • Annual contribution limits apply
Maximizing Your 401k

Contribute enough to get full employer match - This is free money!

Start early - Time is your greatest asset due to compound interest

Increase contributions over time - As your salary grows, increase your savings rate