Maximize Your 401k Contributions in 2024: A Guide with Calculator
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
Your 401k Analysis
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In the graph and graph below see how your 401k investment grows given your time until retirement, your investment contributions, employer contributions, anticipated salary increases, and projected market rates. 401k plans are part of a family of retirement plans known as defined contribution plans. They are called "defined contribution plans" because the amount that is contributed is defined either by the employee (a.k.a. the participant) or the employer.
| Year | You Pay | Employer Pays | Yearly Total | % | % | % |
|---|
Future congressional action may change the amount of contributions to your plan. For analysis of your individual financial needs, please consult a certified accountant or financial planner.
401k balance over years
This hypothetical illustration is provided for informational purposes only. It is not intended to represent any specific investment, and is not indicative of past, present or future performance.
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