401(k) Calculator
Project the future value of your 401(k) from your salary, contribution rate, employer match, expected return, and years to retirement. Free and accurate.
Calculator by Toolsloft ↗- Future value
- $1,138,639.60
- Your contributions
- $240,000.00
- Employer contributions
- $96,000.00
Project the future value of your 401(k) from your salary, contribution rate, employer match, expected annual return, and years until retirement. It is for anyone planning their retirement savings who wants to see how monthly contributions and the company match compound over time.
How this is calculated
Your contribution and the employer match are converted to a monthly amount and grown with the future value of an annuity formula, compounding monthly at the expected annual return over the full number of months.
How to use
- Enter your annual salary and the percentage you contribute.
- Enter your employer match percentage, expected annual return, and years until retirement.
- Read your projected future value plus your and your employer’s total contributions.
Examples
- $80k salary, 10% + 4% match, 7% / 30 yr:
future value $1,138,639.60 - Employer match:
4% of $80,000 over 30 yr → $96,000 contributed
FAQ
- What is an employer 401(k) match?
- An employer match is money your company adds to your 401(k) based on what you contribute. A 4% match means the employer contributes an amount equal to 4% of your salary, on top of your own contributions, effectively free retirement money.
- How is the future value calculated?
- Your monthly contribution plus the employer match is grown at the expected annual return, compounded monthly, over the full number of months until retirement.
- Should I always contribute enough to get the full match?
- Generally yes. The employer match is an immediate, guaranteed return on your contribution, so contributing at least enough to capture the full match is usually the highest-value move.