Future value of a 401(k) with your contributions, your employer's match and investment growth. Results update as you type.
Your monthly contribution is your salary times your contribution percentage, divided by twelve, plus the employer match the same way. The balance grows monthly at the annual return divided by twelve, with the contribution added each month.
Results are estimates for education only and are not financial advice.
Many employers add money to your 401(k) based on what you contribute, for example 50 cents for each dollar you put in up to a limit. It is part of your compensation, so contributing at least enough to get the full match is usually the first priority.
Monthly contribution = annual salary × contribution percentage ÷ 12, plus the employer match the same way. Each month, balance = previous balance × (1 + r) + monthly contribution, where r is the monthly return (annual return ÷ 12). Over n months this is the same as: future value = starting balance × (1 + r)^n + monthly contribution × ((1 + r)^n − 1) ÷ r.
Start with a $20,000 balance and an $80,000 salary, contributing 10% with a 5% employer match, at a 7% annual return for 30 years. That is $666.67 from you plus $333.33 from your employer, or $1,000.00 a month. After 30 years the balance is $1,382,301, made up of $380,000 contributed and $1,002,301 in investment earnings.
No. The match is separate from your own contribution percentage, although the IRS also sets an overall limit that includes employer contributions. Check the current IRS rules for the year you are planning, since limits change.
Your own contributions are always yours, while the employer match may depend on a vesting schedule. Common options are leaving the account where it is, rolling it into a new employer's plan or an IRA, or cashing out, which usually triggers taxes and penalties.
Similar calculators: Roth IRA CalculatorInvestment CalculatorRetirement Calculator