401(k) Calculator

Project your 401(k) retirement savings with employer matching, compound growth, and 2026 IRS contribution limits ($23,500; catch-up $31,000 if 50+). Free 401k calculator.

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401(k) Retirement Calculator

Employer matching & inflation-adjusted projection

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How Your 401(k) Grows: Compound Interest and Employer Match

A 401(k) calculator 2026 is one of the most powerful tools for retirement planning because it shows you exactly how tax-deferred compound growth stacks up over decades. When you contribute 6% of a $75,000 salary — $4,500 per year — and your employer matches 3%, that's an immediate 50% return on your contribution before the market earns a single dollar. Over 35 years at a 7% average return, that combined $6,750 annual input grows into well over $900,000 in your nest egg. The IRS set the 2026 employee contribution limit at $23,500, with a $7,500 catch-up provision bringing the total to $31,000 for workers age 50 and older.

The real magic of a 401(k) is tax-deferred growth. Every dollar you contribute reduces your taxable income today, and the gains compound without being taxed each year. A worker in the 22% federal bracket who maxes out at $23,500 effectively saves $5,170 in federal income taxes. States like California, New York, and Illinois also exclude 401(k) contributions from state income tax, making the benefit even larger. If you start at age 30, your money has 35 years to compound — if you wait until 40, you lose roughly half that time and often more than half the final balance.

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Employer Match: Free Money

Most US employers match 50%–100% of contributions up to 3%–6% of salary. Always contribute at least enough to capture the full match — it's an instant 50%–100% return no investment can beat.

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Tax-Deferred Growth

Your 401(k) investments grow without annual tax drag. A $10,000 gain that would cost $2,200 in a regular brokerage account stays fully invested and keeps compounding inside a 401(k).

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2026 IRS Contribution Limits

The 2026 employee elective deferral limit is $23,500. Add employer contributions and the total limit reaches $70,000. Self-employed workers using a Solo 401(k) can contribute up to that combined ceiling.

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Catch-Up Contributions (Age 50+)

Workers 50 and older can add an extra $7,500 in 2026 for a total of $31,000. Workers aged 60–63 qualify for a higher SECURE 2.0 catch-up of $11,250, bringing their total to $34,750.

Frequently Asked Questions

2026 IRS limits (Notice 2025-67): Employee elective deferral limit = $24,500. Catch-up for ages 50+ = $8,000 additional (total $32,500). Ages 60-63 super catch-up = $11,250 instead (total $35,750). The total contribution limit including employer match = $72,000. New 2026 rule: employees who earned over $150,000 in FICA wages in 2025 must make catch-up contributions as Roth (not pre-tax).
The most common employer match is 50-100% of your contribution up to a percentage of salary. Example: 100% match up to 3% means if you contribute 6%, the employer adds 3% — effectively doubling your contribution up to 3% of pay. Always contribute enough to get the full employer match — it is free money with a guaranteed 50-100% immediate return. A $75,000 salary with 6% contribution and 3% match = $4,500 from you + $2,250 from employer = $6,750/year going to work for you.
Fidelity benchmarks: 1x salary by 30, 3x by 40, 6x by 50, 8x by 60, 10x by 67. At 7% average annual return (typical index fund assumption after fees), a $75,000 earner contributing 6% with 3% employer match starting at age 30 can project approximately $1.2 million by age 65. Vanguard 2024 How America Saves report shows median 401(k) balance for 55-64 year olds is ~$185,000 — far below benchmarks, highlighting how important starting early is.
Traditional 401(k): Pre-tax contributions lower your 2026 taxable income now. Best if you are in the 24%+ bracket today and expect a lower rate in retirement. Roth 401(k): After-tax contributions grow tax-free. Best if you expect higher income in retirement or you are under 40 in the 12-22% bracket. General rule: choose Roth if current rate ≤ expected retirement rate. Many advisors recommend splitting contributions to hedge against future tax uncertainty.

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