401K Calculator
With Employer Match
Simple Growth
Formula
FV = Σ (Balance + Annual Contribution + Employer Match) × (1 + r) for each year
Frequently Asked Questions
How much should I contribute to my 401(k)?
Financial advisors typically recommend contributing at least enough to get the full employer match, which is essentially free money. The IRS contribution limit for 2024 is $23,000 ($30,500 if age 50+).
What is employer match?
Employer match is when your employer contributes to your 401(k) based on your own contributions. For example, a 50% match up to 6% of salary means if you contribute 6% of your salary, your employer adds another 3%.
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