401(k) Calculator Suite
Plan your retirement, calculate withdrawal costs, and maximize employer matching
Your 401(k) Projection
Estimated growth of your 401(k) until retirement
Projected Balance at Retirement
$987,500
Estimated value at age 65
Total Contributions
$315,000
Your contributions + employer match
Investment Growth
$672,500
Estimated earnings from investments
401(k) Growth Projection Chart
$7,400
$12,600
Early Withdrawal Costs
Understanding the true cost of early 401(k) withdrawals
Penalty Amount
$2,000
10% penalty for early withdrawal
Taxes Withheld
$5,400
Federal + state income taxes
Future Value Lost
$76,122
Estimated value at retirement (age 65)
Withdrawal Cost Breakdown Chart
$3,750
Employer Match Optimization
Maximize your employer’s matching contributions
Optimal Contribution %
6%
To maximize employer match
Max Employer Contribution
$2,250
Free money from your employer
Total Annual Contribution
$6,750
Your contribution + employer match
0%
100% Match
Contribution Optimization Chart
401(k) Planning Strategies
💡 Contribution Tips
- Contribute enough to get the full employer match – it’s free money
- Aim to save at least 15% of your income for retirement
- Increase contributions by 1% each year until you max out
- Take advantage of catch-up contributions if you’re 50+
- Consider Roth 401(k) options for tax-free withdrawals
⚠️ Early Withdrawal Warnings
- Early withdrawals face 10% penalty plus income taxes
- Withdrawals reduce your retirement savings permanently
- Consider loans instead of withdrawals if available
- Hardship withdrawals have strict eligibility requirements
- Explore other options before tapping retirement funds
Important Note: This calculator provides estimates based on the information you provide. Actual results may vary due to tax laws, market conditions, and plan-specific rules. This tool is for educational purposes only and should not be considered financial advice. Consult with a qualified financial advisor before making any financial decisions. The calculator assumes U.S. tax laws and retirement regulations.