401(k) Calculator

Financial advisors recommend contributing at least enough to get the full employer match (free money), ideally 10-15% of salary including the match.

For 2024, the employee contribution limit is $23,000 ($30,500 if age 50+). The total limit including employer contributions is $69,000 ($76,500 if 50+).

Traditional 401(k) reduces your taxable income now but is taxed in retirement. Roth 401(k) is taxed now but grows and withdraws tax-free. If you expect higher taxes in retirement, Roth may be better.

Using the 401(k) Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The 401(k) Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Yes, the 401(k) Calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers. Simply open NexTool in your mobile browser and navigate to the tool — no app download required.