Project your 401(k) balance at retirement based on your current balance, salary, contribution percentage, employer match, expected annual return, and salary growth.
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Most employer 401(k) matches work as a percentage of your contribution, up to a cap expressed as a percentage of your salary. For example, "50% match up to 6% of pay" means that if you contribute 6% of your salary, your employer adds another 3% (50% of 6%), and if you contribute more than 6%, the employer match still caps out at that same 3%. This calculator applies that exact logic every month, on your salary for that year.
A general retirement calculator typically assumes a fixed dollar contribution each month. This calculator instead models contributions as a percentage of salary, which rises each year if you enter salary growth, and adds an employer match on top, projecting month by month rather than using a single closed-form formula, since the match and salary both change over time.
Set the employer match rate or match limit to 0, and this calculator will project your balance from your own contributions and investment growth alone.
No, this calculator doesn't cap your contributions at IRS annual limits. If your calculated contribution amount would exceed the current limit, your actual contributions may be capped in practice.
Since your contribution and your employer's match are both calculated as a percentage of salary, a rising salary means both grow in dollar terms over time, meaningfully increasing your projected balance compared to assuming a flat salary.
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