Saving and investing
401(k) Calculator
Project your 401(k) balance at retirement from your current balance, salary, contribution rate, employer match, retirement age, and expected return.
How a 401(k) grows
You contribute a share of your salary
Your contribution rate × your salary goes into the account each year, spread evenly over its 12 months.
Your employer may match part of it
The employer adds its match rate × the part of your contribution up to the match limit. Contributions above the limit are not matched.
Your salary changes once a year
Each year the salary grows (or falls) by the rate you enter, and both contributions follow it.
The account grows every month
Each month the balance earns the annual return ÷ 12, then that month's contributions are added. Growth then earns growth of its own.
What changes the projection
How employee contributions work
You choose a percentage of salary, and it is taken from each paycheck before you see it. At 10% of $75,000, that is $7,500 a year, or $625 a month.
How employer matching works
Many employers add money in proportion to what you contribute, up to a limit. The match depends on your contribution: with no employee contribution, there is no match.
What “50% match up to 6%” means
The employer adds 50 cents for every $1 you contribute, on contributions up to 6% of salary. On $100,000, contributing 6% or more brings $3,000 a year from the employer; contributing 3% brings $1,500.
Why salary growth matters
Contributions are a percentage of salary, so a raise raises them too, even at the same rate. At 3% a year, $75,000 becomes about $204,893 by the 35th year.
How investment return affects the projection
Growth compounds: each year's growth earns growth later. In the example below, an average return of 6% instead of 7% projects $558,754.69 less, and 8% projects $742,307.96 more.
Contribution rate vs employer match
Below the match limit, every extra point you contribute also raises the employer's contribution. Above it, the employer amount stays the same and only your own contributions grow.
Taxes and IRS limits are not modeled
This calculator models the contribution percentage you enter and does not enforce annual IRS contribution limits or catch-up contribution rules, which change over time. Taxes are not included in this projection, whether on contributions, growth, or withdrawals.
Example calculation
Calculated the same way as the calculator above.
$75,000 salary, 10% with a 50% match up to 6%
$50,000 today, age 30 to 65, a 7% return, and 3% salary growth.
- First year: your contribution
- 10% × $75,000 = $7,500.00
- First year: employer match
- 50% × 6% × $75,000 = $2,250.00
- Starting balance
- $50,000.00
- Your contributions to 65
- $453,465.62
- Employer contributions to 65
- $136,039.70
- Investment growth
- $2,005,376.79
- Projected balance at 65
- $2,644,882.11
A 50% match up to 6% on $100,000
| You contribute | Your contribution | Employer match |
|---|---|---|
| 3% | $3,000.00 | $1,500.00 |
| 6% | $6,000.00 | $3,000.00 |
| 10% | $10,000.00 | $3,000.00 |
Up to 6%, each point you contribute adds half a point from the employer. Above 6%, the employer amount stays the same.
Assumptions
- Contributions are the percentage of salary you enter, every year until retirement. Annual IRS contribution limits and catch-up contribution rules are not enforced.
- The employer contributes its match rate × the lower of your contribution rate and the match limit, as a share of salary. Contributions above the limit are not matched, and nothing is contributed without an employee contribution (no nonelective contributions).
- The salary changes once a year, at the start of each year, by the growth rate you enter. It is kept exact; each year's contributions are rounded to the cent once and spread over its 12 months.
- Each month the balance earns the expected annual return ÷ 12, rounded to the cent and added to the account; then that month's contributions are added. The return is the same every year.
- Employer contributions are modeled as fully available in the account; vesting schedules are not modeled.
- Taxes are not included in this projection, and neither are investment fees, which reduce real returns. Balances are in future dollars, not adjusted for inflation.
- Loans, withdrawals, hardship distributions, and required minimum distributions are not modeled.
How Calcora calculates
- Every calculator explains the formula behind its result in plain language.
- Calculators are designed to run in your browser, so your inputs are not sent to Calcora.
- Results help you understand your options. They are not financial advice.
Frequently asked questions
How does a 401(k) employer match work?
What does a 50% match up to 6% mean?
Does this calculator include employer contributions?
Does the calculator enforce IRS 401(k) contribution limits?
Does this include taxes or investment fees?
Why does salary growth change the final 401(k) balance?
Does Calcora store my salary or retirement information?
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