401k Calculator
See how a retirement plan at work could grow. Enter your pay, how much you put in, the employer match and the return you expect. A plan such as the TSP for US federal workers follows the same idea.
This is an unofficial estimate. Your plan statement or the plan's website has the real figures.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
Your yearly contribution is your pay times your contribution rate. The employer adds its match rate on the part of your contribution that is under the match limit, a share of pay.
The balance grows each year on the money already in the plan and on the year's new money, using the standard formula for regular yearly deposits. Taxes on withdrawals and plan fees are not included.
Worked example
On $60,000.00 of pay, with 6% going in and a 50% match up to 6% of pay, the plan gets $5,400.00 a year. After 30 years at 6% a year, the balance is $570,501.48.
Questions
Does the employer match apply to all my pay?
Usually not. A match is often a share of your contribution, up to a set percentage of pay. Your plan summary explains the rule that applies to you.
Does this include taxes?
No. Withdrawals from many workplace plans are taxed later, and that is not included here. Income tax on your pay is not included either.
Where do I find the real figures?
Your plan statement or the plan's website shows your balance, your contribution rate and the match formula. This page is only an estimate.
More like this
- Investment CalculatorGrowth from a start amount and monthly deposits.
- Retirement CalculatorProjected savings from a balance, yearly saving and a return.
- Dividend CalculatorDividend yield and yearly income from a stock.
- Investment Return CalculatorTotal return and yearly rate from a start and end value.
- Commercial Mortgage CalculatorMonthly payment, balloon balance and interest on a commercial loan.
- Tax Equivalent Yield CalculatorTaxable yield that matches a tax-free yield.