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Annual salary $

Contribution percent %

Annual salary increase %

Current age

Retirement age

401(k) Information

Current balance $

Rate of return %

Employer match %

Maximum employer match %

Savings at Retirement

With Employer
Match

Without Employer
Match

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Question

r02salary

r02percentage

r02increase

r02currentage

r02retirementage

r02balance

r02rateofreturn

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r02without

r02answer

401(k) Calculator

A 401(k) account available through your employer is one of the best methods for building retirement savings. There are two key advantages. First, any contributions made to your 401(k) now are tax deferred, so each year's total taxable income will be lower. Second, some employers provide 401(k) match programs where they contribute to your 401(k) account. Depending on the program, employer contributions can range from 0% to 100% of your contributions.