401(k) Calculator
Project your 401(k) growth and see the impact of employer matching on your retirement savings.
e.g., 3% of your contribution.
401(k) Balance by Age
1. **Contribute Enough for the Match:** Always contribute at least enough to get your employer's full 401(k) match. It's 100% return on your money!
2. **Increase Contributions Annually:** Aim to increase your contribution percentage each year, especially when you get a raise.
3. **Understand Vesting Schedules:** Be aware of how long you need to stay with your employer to fully "vest" in their matching contributions.
4. **Diversify Investments:** Choose a diversified portfolio within your 401(k) that aligns with your risk tolerance and time horizon.
5. **Consider Roth 401(k):** If your plan offers it, a Roth 401(k) allows for tax-free withdrawals in retirement, which can be beneficial if you expect to be in a higher tax bracket later.
6. **Avoid Early Withdrawals:** Taking money out of your 401(k) before retirement can incur significant penalties and taxes.