401k Employer Match Calculator
Many employers add money to a 401(k) when you contribute, up to a limit. This page works out that match from your salary, your contribution and the match tiers in your plan.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
For each tier, you get the match share for every percent you contribute, up to that tier's limit. Add the two tiers together to get a percent of pay, then multiply by salary. A plan might say it matches 100 percent of the first 3 percent, and 50 percent of the next 2 percent.
Check your plan's rules. Some matches are paid each paycheck, and some are earned over time under a vesting schedule.
Worked example
On a salary of $60,000.00, contributing 6% of pay earns a match of 4% of pay. That comes to $2,400.00 a year, or $200.00 a month.
Questions
Is the match always paid?
It depends on the plan. Many matches need you to contribute each pay period and may vest over time, so read the plan summary.
What if my plan has one tier?
Set the second tier's match to zero, and only the first tier counts.
Does the match count toward my own yearly limit?
Your own contributions have a yearly limit, and the match is separate from it. The plan may also set a total limit that includes the match, so check your plan.
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