401k Calculator
Project your 401(k) balance and retirement income.
Calculator Inputs
401(k) assumptions
Results
Projected growth
Final Balance
$897,369
Total Contributions
$150,000
Employer Match
$75,000
Total Earnings
$622,369
Balance Growth Over Time
Projected balance by year
Contributions vs Earnings by Year
All 25 years
Yearly Breakdown
First 15 years. Download full schedule for all 25 years.
| Year | Balance | Contributions | Employer Match | Earnings |
|---|---|---|---|---|
| 1 | $62,963 | $6,000 | $3,000 | $3,963 |
| 2 | $76,863 | $6,000 | $3,000 | $4,900 |
| 3 | $91,769 | $6,000 | $3,000 | $5,905 |
| 4 | $107,751 | $6,000 | $3,000 | $6,983 |
| 5 | $124,889 | $6,000 | $3,000 | $8,138 |
| 6 | $143,266 | $6,000 | $3,000 | $9,377 |
| 7 | $162,971 | $6,000 | $3,000 | $10,705 |
| 8 | $184,101 | $6,000 | $3,000 | $12,130 |
| 9 | $206,759 | $6,000 | $3,000 | $13,657 |
| 10 | $231,054 | $6,000 | $3,000 | $15,295 |
| 11 | $257,105 | $6,000 | $3,000 | $17,052 |
| 12 | $285,040 | $6,000 | $3,000 | $18,935 |
| 13 | $314,995 | $6,000 | $3,000 | $20,954 |
| 14 | $347,114 | $6,000 | $3,000 | $23,120 |
| 15 | $381,556 | $6,000 | $3,000 | $25,442 |
Withdrawal
Project drawdown from your balance at retirement using fixed annual withdrawals.
| Year | Start Balance | Withdrawal | End Balance |
|---|---|---|---|
| 1 | $897,369 | $40,000 | $893,052 |
| 2 | $893,052 | $40,000 | $888,559 |
| 3 | $888,559 | $40,000 | $883,882 |
| 4 | $883,882 | $40,000 | $879,016 |
| 5 | $879,016 | $40,000 | $873,951 |
| 6 | $873,951 | $40,000 | $868,680 |
| 7 | $868,680 | $40,000 | $863,194 |
| 8 | $863,194 | $40,000 | $857,484 |
| 9 | $857,484 | $40,000 | $851,542 |
| 10 | $851,542 | $40,000 | $845,358 |
| 11 | $845,358 | $40,000 | $838,922 |
| 12 | $838,922 | $40,000 | $832,223 |
| 13 | $832,223 | $40,000 | $825,252 |
| 14 | $825,252 | $40,000 | $817,997 |
| 15 | $817,997 | $40,000 | $810,446 |
Showing first 15 years of the 30-year withdrawal; your balance lasts through the full period.
How It Works
Here’s how to use the 401(k) calculator step by step:
1. Enter Your Information
You’ll be asked for the following:
- Current 401(k) Balance ($):Enter your existing retirement savings.
- Annual Contribution ($):How much you plan to add each year.
- Years Until Retirement:The number of years you’ll continue working and contributing.
- Expected Annual Return (%):Your best estimate of average yearly investment growth (before retirement).
- Annual Income Target ($):The yearly income you’ll need from your 401(k) after you retire.
- Years in Retirement:The number of years you expect to withdraw funds.
- Expected Return in Retirement (%):Your estimate for annual investment growth during retirement (often more conservative).
2. Calculate & Review Results
After entering your details, click Calculate to view:
- Balance at Retirement:Your projected total savings when you stop working.
- Total Contributions:The sum of all your annual contributions over your working years.
- Annual Income Target:The income you specified for retirement.
- Can Meet Income:A clear Yes/No answer showing if your projected balance can support your goal.
3. Visualize with Charts
- Portfolio Balance Over Time:See how your savings grow during your career and draw down during retirement.
- Balance & Withdrawal in Retirement:Track your remaining balance and annual withdrawals for each year in retirement.
- Yearly Breakdown Table:Review a year-by-year summary showing your account phase (accumulation or withdrawal), balance, and withdrawals for the first 15 years. Download the full schedule for a complete history.
4. Export & Share
- Copy any result for quick sharing or personal records.
- Export PDF to save a printable copy of your projection.
- Export Excel to download a spreadsheet version for further analysis.
The calculator is designed for clarity and ease of use—no financial jargon, just practical insights to help you plan your retirement with confidence.
Understanding 401(k) Retirement Planning
A 401(k) is a workplace retirement savings plan that helps you invest for your future. Many people wonder if they’re saving enough to retire comfortably and when. This calculator is designed to answer those questions by letting you explore how your current savings, annual contributions, expected investment returns, and target retirement age all shape your financial outlook.
The central challenge of retirement planning is balancing how much you save today against how much you’ll need later. Rising costs of living, uncertain investment returns, and changing life circumstances can make it difficult to know if your nest egg will last. This calculator simplifies the process, giving you a clear projection of your future 401(k) balance and showing whether your planned withdrawals will support your desired annual income in retirement.
By breaking down complex financial concepts into easy-to-understand numbers and charts, you can make informed decisions about your savings strategy and retirement goals.
How This Calculator Helps
This 401(k) calculator empowers you to:
- Project your 401(k) balance at retirement based on your current savings, annual contributions, years until retirement, and expected investment growth rate.
- Set an annual income target for retirement and instantly see if your projected savings can meet it.
- View the total amount you’ll contribute over your working years.
- See a clear answer to whether your income goal is achievable with your plan.
- Visualize your portfolio’s growth and drawdown with easy-to-read charts.
- Review a yearly breakdown of your balance and withdrawals.
- Export your results for personal records or sharing, with options to copy, download as a PDF, or download as an Excel file.
By focusing on what matters most to your contributions, growth, and retirement income needs this calculator offers straightforward guidance to help you plan confidently for the future.