Simple 401k
Your company-sponsored retirement plan is one of your most powerful wealth-building tools. Understanding how your current contributions (and employer matching) compound over time is essential for a secure future. Use this tool to project your growth and see how small changes today can significantly increase your income potential.
Your Information
Projected Retirement Savings
Contribution Breakdown
401(k) Growth Projection
Are you leaving money on the table? Maximizing your employer match is a "guaranteed" return, but your total 401(k) strategy should also account for tax diversification and investment selection. Let's look at your current allocation to see if it aligns with your risk tolerance and long-term retirement goals.
This is a hypothetical example used for illustrative purposes only. This worksheet provides estimates based on certain assumptions, including an employer match. The rate of return on investments will vary over time, particularly for longer-term investments. Investments that offer the potential for high returns also carry a high degree of risk. Actual returns will fluctuate.
Have A Question About This Topic?
Related Content
Medicare vs. Medicaid
The terms Medicare and Medicaid sound similar but are two very different things. Learn the differences in this informative article.
Counteracting Capital Gains with Tax-Loss Harvesting
You may have heard the phrase "tax-loss harvesting." A financial professional may be able to provide some guidance.
Why Medicare Should Be Part of Your Retirement Strategy
How Medicare can address health care needs in your retirement strategy.