401(k) Calculator
For many Americans, most of their net worth is held in their home and in retirement accounts – with a 401(k) being among the most popular. Understanding how your 401(k) projects can help you get a feel for if (and when) you might be able to retire.
Answer these seven questions and we can help you determine how your retirement account compares to what you may need in retirement.
Question 1 of 7
What is your date of birth?
Understanding how your 401(k) could grow begins with knowing how long it has to grow.
Question 2 of 7
How much do you currently have saved in your 401(k)?
Before you can calculate how much you may have near retirement, you first must look at how much you currently have saved.
Question 3 of 7
What is your annual income?
Generally, contributions to a qualified retirement account are given as a percent of your income.
Question 4 of 7
What percent of your annual income are you contributing to your 401(k)?
Your contribution percentage is the percent of your annual income that you are setting aside in your 401(k). Please note this does not count your employer match (we’ll get to that in a second).
Question 5 of 7
What is your employer match?
Employers often match your contribution to a 401(k) up to a certain percentage — that’s known as your “max income withholding match.” For example, if your max income withholding match is 3%, your employer will match your contribution up to 3% of your annual salary – as long as your own contribution is 3% or higher. What is your max income withholding match?
Question 6 of 7
At what age do you plan to retire?
Now that we know how much you have saved, and how much you're contributing, let’s see how long your investments have to grow. (Don’t worry – you can adjust this at the end to compare different options.)
Question 7 of 7
What is your expected annual rate of return?
Your rate of return depends on many different factors, including how conservative or aggressive you’re invested, the market performance between now and your retirement, and any changes to your investment style over time. For simplification, we suggest setting your rate of return at 7% and adjusting it at the end to see your options.
Your Results
You are projected to have $0 in your 401(k) when you retire, which equals $0 per year for 30 years of retirement income.
Did You Know?
- If you work an extra five years, your retirement savings will increase to 0.
- Your employer match is more than your contribution, meaning you're missing out on a potential $0 in retirement savings.
- If your rate of return improves by 2%, your retirement savings increases to $NaN.
Are you ready for retirement?
Download our “3 Methods to Help Avoid Running Out of Money” guideYour results are ready.
To view your 401(k) projections, please enter your information.