Retirement Plan Calculator
Employer-sponsored retirement plans — typically 401(k) or 403(b) — are often the single most valuable benefit an employer provides. The combination of tax-deferred growth, employer matching contributions, and compound interest over decades can turn modest payroll deductions into substantial retirement savings. Failing to contribute enough to capture the full employer match is effectively leaving free money on the table.
Project Retirement Savings
Projections assume constant salary, contribution rate, and returns. Actual results will vary with market conditions and salary changes. This is not financial advice. Consult a qualified financial advisor for personalized retirement planning.
Understanding Employer Match
The most common match formula is “50% of contributions up to 6% of salary.” This means if you earn $85,000 and contribute 6% ($5,100), your employer adds 50% of that ($2,550). If you contribute less than 6%, you leave match money unclaimed. Contributing more than 6% gets no additional match (but still benefits from tax-deferred growth).
Frequently Asked Questions
What is a good contribution rate?
Financial planners generally recommend saving 15% of gross income for retirement (including employer match). At minimum, contribute enough to capture the full employer match.