401k Growth Calculator

Planning for a Secure Retirement

Your 401(k) is likely your most powerful wealth-building tool. Because contributions are often made pre-tax, and many employers offer matching contributions, it is the most efficient way to save for the future.

The Magic of Employer Matching

If your employer offers a match (e.g., they match 50% of your contributions up to 6% of your salary), you should always contribute at least enough to get the full match. This is essentially an immediate 50% or 100% return on your investment—something you cannot find anywhere else in the market.

Compound Interest in Action

The earlier you start, the less you need to save. As shown in the graph above, the growth curve becomes much steeper in the later years. This is "interest earning interest." Waiting just 5 years to start saving can result in a final portfolio that is hundreds of thousands of dollars smaller.