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401(k) Contribution Calculator

Project your 401(k) balance at retirement based on your contribution rate, employer match, and expected returns.

10
Percentage your employer matches (e.g. 50 means 50¢ per $1).
Employer matches up to this % of your salary.

Results

Projected 401(k) Balance$873,824.68
Your Annual Contribution (capped)$8,000.00
Employer Annual Match$2,400.00
Estimated Annual Tax Savings (22%)$1,760.00

📖What is it?

A 401(k) contribution calculator that projects your account balance at retirement, factoring in your contributions (capped at the 2024 IRS limit of $23,000), employer match, and compound investment growth.

🎯How to use

Enter your annual salary, contribution percentage, employer match rate and cap, current balance, expected return, and years to retirement. The calculator applies the 2024 elective deferral limit and estimates your projected balance and annual tax savings.

💡Example scenario

An employee earning $80,000, contributing 10% ($8,000/year), with a 50% employer match up to 6% of salary ($2,400 match), at 7% return with $30,000 already saved over 25 years would accumulate roughly $890,000.

🏆Pro tip

Always contribute at least enough to get the full employer match — it is an immediate 50–100% return on your money. Leaving match money on the table is the most expensive retirement mistake.