Retirement Savings Calculator
Plan your 401(k) or IRA with employer matching to maximize your retirement savings
Projected Balance at 65
$1,641,125
After 35 years of savingYour Contributions $233,975
Employer Match $116,987
Investment Gains $1,265,163
Starting Balance $25,000
Years to Retirement 35 years
Monthly Income (4% Rule) $5,470
Annual Income in Retirement $65,645
Retirement Savings Growth
Maximizing Your Retirement Savings
Understanding 401(k)s and employer matching is key to building a secure retirement nest egg.
Free Money: Employer Match
An employer match is essentially free money added to your retirement account. Always contribute enough to get the full match.
- Common match: 50% of contributions up to 6% of salary.
- Some employers offer 100% match or higher limits.
- Vesting schedules may apply - check your plan details.
- Not taking the full match is leaving money on the table.
2024/2025 Contribution Limits
The IRS sets annual limits on how much you can contribute to retirement accounts.
- 401(k) limit: $23,000 (2024), $23,500 (2025).
- Catch-up (50+): Additional $7,500 per year.
- IRA limit: $7,000 ($8,000 if 50+).
- Total 401(k) + employer: $69,000 (2024).
Tax Advantages
Understanding the tax benefits of retirement accounts helps you choose the right strategy.
- Traditional 401(k): Tax-deferred growth, taxed at withdrawal.
- Roth 401(k): After-tax contributions, tax-free growth.
- Lower tax bracket now? Consider Roth.
- Higher tax bracket now? Traditional may be better.