This 401(k) Retirement Calculator will calculate how much your 401(k) will be worth by the time you reach the age you plan to retire.
The calculator includes options for factoring in annual salary increases and employer matching contributions. You can also print out printer-friendly reports for any number of what-if scenarios.
Finally, the calculated results include a year-by-year salary, contribution, and balance chart, plus a written summary.
If you want to see how your 401(k) fits within your overall retirement needs I suggest you visit the comprehensive Retirement Plan Calculator.
Save Your Raise? What a Great Idea!
What led to the creation of this calculator was the following excerpts from an email I received from a visitor to the site.
Of course, the first thing I realized after receiving the email is that I didn't have a 401(k) calculator on the site, much less have one with a "Save Your Raise" feature.
Well, after building the calculator and seeing for myself what a huge difference it can make to contribute all (or even a modest percentage) of your future raises to your 401(k), it's no wonder employers are encouraging their employees to save their raises.
Thank you, Trey, for taking the time to submit your valuable and enlightening request.