401k Calculator

Maximizing Your 401(k)

A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out.

The Power of Compounding

The longer your money stays invested, the more it can grow. Even small contributions made early in your career can result in significant wealth by the time you retire.

Employer Matching

Many employers offer a matching contribution. This is essentially "free money" and a 100% return on your investment up to the match limit. Always aim to contribute at least enough to get the full employer match.