401(k) Calculator
Plan your retirement savings and maximize employer match
Results
Projected Balance
$2,378,566.07
At retirement age 65
Monthly Income
$7,928.55
Based on 4% withdrawal rule
Income Replacement
127%
Of current salary
Contribution Analysis
Your Contributions
Annual Contribution:$4,500.00
Total Contributions:$233,974.65
Employer Match
Annual Match:$4,500.00
Total Match:$233,974.65
Recommendations
Contribution Rate
Good job maximizing employer match
Investment Strategy
Consider aggressive growth funds for long-term growth
Catch-up Contributions
Plan for catch-up contributions when eligible
Retirement Income
On track for comfortable retirement income
Important Notes
Contribution Limits
2024 employee contribution limit: $23,000 (under 50)
Catch-up contribution: $7,500 (age 50+)
Tax Benefits
Contributions are pre-tax, reducing your taxable income
Growth is tax-deferred until withdrawal
Early Withdrawal
10% penalty on withdrawals before age 59½
Required minimum distributions start at 73