401k Calculator
Estimate your retirement savings growth.
Estimated Future Balance
$0.00
About 401k Calculator
A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.
The Power of Compound Interest
The earlier you start saving, the more powerful compound interest becomes. By contributing regularly and earning a return on your investments, your money grows exponentially over time. This calculator assumes your contributions are made at the end of each year and that the return is compounded annually.
Employer Match
Many employers offer to match a portion of your contributions. This is essentially free money! If your employer offers a match, try to contribute at least enough to get the full match amount.