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401(k) Calculator
This calculator can help you estimate your future 401(k) balance and withdrawal amounts in retirement.
Understanding Your 401(k) Results
A 401(k) is a retirement savings and investment plan offered by many American employers. It gives employees a tax-advantaged way to save for retirement. Contributions are typically made directly from your paycheck before taxes are taken out, which can lower your taxable income for the year.
The 401(k) Calculator helps you see how your savings can grow over time. By entering your current balance, contributions, employer match, and expected investment returns, you can project your future 401(k) balance at retirement and understand how different factors can impact your final nest egg.
For many people, a 401(k) is their primary retirement savings vehicle. It provides a structured, automated way to build wealth over the long term. The combination of pre-tax contributions, tax-deferred growth, and potential employer matching can significantly accelerate your savings compared to a standard savings account.
Understanding your 401(k) potential helps you make informed decisions today. Should you increase your contribution? Are you taking full advantage of your employer match? This calculator helps answer those questions and puts you in control of your financial future.