How much should I contribute to my 401k?

At minimum, contribute enough to get your full employer match - it's free money. Ideally, contribute 10-15% of your salary, up to the annual limit ($23,000 in 2024, plus $7,500 catch-up if 50+).

401k Calculator – Retirement Savings Calculator

Calculate 401k growth with employer matching. Plan your retirement savings with tax advantages.

401k Calculator – Retirement Savings Calculator

Calculate 401k growth with employer matching. Plan your retirement savings with tax advantages.

Current Age*

Your current age

Retirement Age*

When you plan to retire

Current 401k Balance

Current 401k account balance

Annual Salary*

Current annual salary

Contribution Percentage (%)*

Percentage of salary contributed

Employer Match (%)

Employer matching percentage

Expected Annual Return (%)*

Expected investment return

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401k projection will appear here

Maximizing Your 401k Benefits

A 401k is one of the most powerful retirement savings tools, offering tax advantages and potential employer matching. Understanding how to optimize your contributions can significantly impact your retirement security.