calcy treasure chest of featuresLove the calculators but not the ads?

Take a sneak peek at the Ad-Free Design being enjoyed by hundreds of members for less than 25¢ a week. Full details and a bonus!

401(k) Retirement Calculator with Save Your Raise Feature

Calculator Preferences
401(k) Retirement Calculator Sign
401(k) Retirement Calculator

This calculator will calculate the future value of your 401(k) and the resulting annual retirement income. Includes a one-of-a-kind Save Your Raise feature showing you what could happen if you contributed all or part of your future raises to your 401(k). Also includes options for annual cost of living increases and any employer matching contributions that may apply. The results include a year-by-year salary, contribution, and balance chart that can be opened in a printer friendly window. The Learn tab includes answers to:

  • What is a 401k?
  • How does a 401k work?
  • What are the contribution limits?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None

Load or Clear Sample Entries:

To load sample entries that you can change as needed, tap the "Sample" button. To clear sample entries, tap the "Clear" button.

Age now:Current age:Your current age:Your current age:

Your current age:

Enter your current age in years. Enter as an integer (no decimal points or fractions).

Retire age:Age to retire:Age you plan to retire at:Age you plan to retire at:

Age you plan to retire at:

Enter the age you plan to retire at. Enter as an integer (no decimal points or fractions).

401(k) bal:401(k) balance:Current 401(k) balance:Current 401(k) balance:

Current 401(k) balance:

Enter the current balance of your 401(k). Enter as a dollar amount but without the dollar sign and any commas. If you have yet to start your 401(k) contributions, enter a zero.

401(k) % rate:401(k) % return rate:401(k) rate of return percentage:401(k) rate of return percentage:

401(k) rate of return percentage:

Enter the annual rate of return you expect to earn on your 401(k). Enter as a percentage, but without the percent sign (for .07 or 7%, enter 7). When planning for the future it's always best to estimate income low and expenses high, so I suggest you enter a conservative rate.

Ann salary:Annual salary:Annual salary:Annual salary:

Annual salary:

Enter your current annual salary. Enter as a dollar amount but without the dollar sign and any commas. If you are not sure how much your period wages add up to over a 1-year period, tap the PCalc tab to multiply your gross wages per pay period by the number of pay periods per year.

Ann raise %:Annual raise %:Annual salary increase percentage:Annual salary increase percentage:

Annual salary increase percentage:

If you expect your salary to increase by a certain percentage each year, enter the percentage here. Enter as a percentage, but without the percent sign (for .03 or 3%, enter 3). Again, it's best to be conservative when it comes to forecasting future income. If you don't foresee an annual percentage increase in your salary, leave this field blank.

Pay freq:Pay frequency:Pay period frequency:Pay period frequency:

Pay period frequency:

Select how often you get paid. The calculator will use this frequency to add contributions to your 401(k), as well as for compounding the interest.

Contribute %:Base contribute %:Percent of salary to contribute:Percent of base salary to contribute:

Percent of base salary to contribute:

Enter the percentage of your salary you plan to contribute to your 401(k).

If you don't check the box on the next line, your contribution will increase along with your projected salary increases.

On the other hand, if you check the box on the next line (the Save Your Raise feature) and enter a percentage of raises to contribute, then your beginning base year contribution will be used for all remaining years, but each total annual contribution will be a combination of the base plus the entered percentage of the cumulative total of all raises from prior years.

In either case, if the calculated contribution exceeds the maximum allowed by the IRS (plus the catch-up amount if age 50 or older), the maximum contribution will be used instead (current maximum and catch-up amounts are listed on the Learn tab).

Percent of raises to contribute:

If you would like to contribute all or a percentage of all future raises, check the box in this row. Once a checkmark appears on this line, the percentage field will be enabled. If you want to contribute 100% of all raises, enter 100. Otherwise enter your preferred percentage, but without the percent sign.

Note that if the calculated contribution exceeds the maximum allowed by the IRS (plus the catch-up amount if age 50 or older), the maximum contribution will be used instead (current maximum and catch-up amounts are listed on the Learn tab).

Co. match %:Employer match %:Employer match percentage:Employer match percentage:

Employer match percentage:

If your employer will be matching all or part of your contributions, enter the percentage on this line. Enter as a percentage, but without the percent sign.

The actual employer match will depend on whether or not the matching amount exceeds the percentage of your salary as indicated on the next line. If the calculated amount exceeds the maximum percentage of your salary, then the maximum amount will be used instead of the calculated amount.

Max match %:Maximum match %:Maximum percent of salary:Maximum percentage of salary:

Maximum percentage of salary:

Enter the percentage the employer uses to limit the matching contributions -- expressed as a percentage of your annual salary. Enter as a percentage, but without the percent sign.

Years:Year till retire:Years until retirement:Number of years until retirement:

Number of years until retirement:

This is the number of years between your current age and the age you plan to retire at.

End bal:End balance:Ending 401(k) balance:401(k) balance at retirement age:

401(k) balance at retirement age:

Based on your entries, this is how much your 401(k) will have grown to by the time you retire. Note that this amount is subject to income taxes as portions are withdrawn.

Tot contrib:Total contributed:Total of your contributions:Total of your contributions:

Total of your contributions:

Based your entries, this will be the total of your contributions to your 401(k) between now and when you retire.

Tot match:Total matched:Total employer matching contributions:Total employer matching contributions:

Total employer matching contributions:

Based your entries, this will be the total of the contributions made by your employer between now and when you retire.

Int earned:Interest earned:Total interest earnings:Total interest earnings:

Total interest earnings:

Based your entries, this will be the total of your interest earnings your 401(k) between now and when you retire.

Ann income:Annual income:Before-tax annual retirement income:Before-tax annual retirement income:

Before-tax annual retirement income:

Based your entries, this is your estimated, before-tax annual retirement income from your 401(k).

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
Heading

Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

Favorites

Add or remove this page to/from my favorites.