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401K Calculator
401K retirement savings calculator
How It Works
Free 401K calculator to plan and estimate a 401K balance and payout amount in retirement or help with early withdrawals or maximizing employer match.
A 401(k) is a retirement savings plan in the U.S. with tax benefits, available through employers. Contributions are made as pre-tax deductions, and the funds grow tax-free until withdrawal during retirement. The 2026 contribution limit is $24,500 for those under 50, with catch-up contributions allowed for those 50 and older.
Many employers offer matching contributions, such as matching 50% of employee contributions up to 6% of salary. This is essentially free money that employees should take full advantage of. Employer matches may be subject to vesting periods, meaning the contributions only fully belong to the employee after a certain period of service.
Early withdrawals before age 59½ are subject to a 10% penalty plus ordinary income taxes, with some exceptions for hardship, disability, or certain medical expenses. At retirement, participants can take distributions as lump sums, installments, or roll the funds into an IRA.
Results
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Quick Tips
- • Results update automatically as you type
- • Use Tab to navigate between fields
- • Press Enter to calculate