What Is The Impact Of Increasing My 401(k) Contribution?

It may surprise you how significant your retirement accumulation may be simply by increasing the percent of your salary that you save each month in your 401(k). Use this calculator to estimate how much more you could accumulate taking into account any employer match (if applicable).
     
  Common Assumptions

Input
  Years until retirement
  Current annual income
Annual salary increases
  Plan Information

  Current 401(k) balance
Annual before-tax return on savings
  Pay period frequency
  Employer match
  Maximum employer match
  Contribution Information

  Current 401(k) plan contribution
  Proposed 401(k) plan contribution
Be sure to enter a number greater than your current contribution.
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.