ToolBark
Finance

401(k) Calculator

See exactly how your 401(k) grows — with employer match included

Your 401(k) Details

Example: "50% match on the first 6% of salary" → Match Rate = 50, Match Up To = 6.

Projected Balance at 65

Balance at Age 65$1.32Min 35 years
Your Contributions$225.0K17% of total
Employer Match$112.5K9% of total
Investment Growth$971.7K74% of total

Balance Breakdown

Your contributionsEmployer matchInvestment growth
Starting Balance$10,000
Total You Contributed$224,975
Total Employer Match$112,488
Total Investment Growth$971,654
Final Balance at Age 65$1,319,117

Key Milestones

Year 9 (Age 39)

$108.3K

$108,279

Year 18 (Age 48)

$306.5K

$306,499

Year 26 (Age 56)

$635.7K

$635,688

Year-by-Year Projection

See a complete breakdown for all 35 years of contributions and growth.

Disclaimer: This calculator provides estimates for illustrative purposes only. It assumes constant return rates and does not account for taxes, inflation, IRS contribution limits, market volatility, or fees. Consult a qualified financial advisor before making retirement planning decisions.

About

Our free 401(k) calculator projects your retirement balance based on your current savings, annual salary, contribution percentage, employer match, and expected investment return. Model salary raises over time and see a year-by-year breakdown of your contributions versus investment growth. Whether you're just starting or fine-tuning your strategy, this tool shows the real power of compounding and free employer money.

FAQ
How is the employer match calculated?+

Enter the match rate (e.g. 50%) and the salary percentage it applies to (e.g. 6%). The tool computes: employer match = salary × min(your contribution%, match cap%) × match rate. So a "50% match on the first 6%" on a $75,000 salary yields $2,250/year from your employer when you contribute at least 6%.

What annual return should I use?+

A commonly used estimate is 7% per year, which approximates the historical average real return of a diversified US stock portfolio after inflation. Conservative planners use 5–6%; optimistic projections use 8–10%. The calculator lets you test any value to see the impact.

Does the calculator account for IRS contribution limits?+

No — this tool is a projection estimator and does not cap contributions at IRS annual limits (e.g. $23,000 for 2024). If your calculated contribution exceeds the limit, the real growth may differ. Always verify your plan's rules with your employer or a financial advisor.

Why does investment growth dwarf my actual contributions over time?+

Compound interest — your returns generate their own returns each year. Over 35 years at 7%, roughly 70–75% of a typical final balance comes from growth rather than contributions. This is why starting early and maintaining consistent contributions has an outsized impact on retirement wealth.

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