Determine how much your money can grow using the power of compound interest. Amount of money that you have available to invest initially. Amount that you plan to add to the principal every month, or a negative number for the amount that you plan to withdraw every month. Length of time, in years, that you plan to save.

Jan 23, 2025 · Determine your balance at retirement with this free 401 (k) calculator. Input your monthly contributions and employer match information to see how your money might grow over time.

Compound interest is the interest you earn on your original money and on the interest that keeps accumulating. Compound interest allows your savings to grow faster over time.

Bankrate provides a free 401(k) calculator to help retirement savers calculate their 401(k) portfolio's growth and earnings.

Calculating the compound interest growth and future value of your monthly contributions is as simple as entering your beginning balance, the combined contributions (yours, your employer, catch-up), an estimate of your return on investment, and the number of years until retirement.

Contributions to a 401 (k) are made as pre-tax deductions during payroll, and the dividends, interest, and capital gains of the 401 (k) all benefit from tax deferment. This means that assets in a 401 (k) grow tax-free and won't be taxed until a later point, usually during retirement.

This 401(k) calculator is designed to help you estimate how much money you could have in your 401(k) retirement account by the time you retire. It takes into account various factors such as your current age, income, existing savings, contributions, employer match, and investment growth.

Display principal, deposits and interest as a graph. Understand the power of compound interest visually.

Unlike a regularly-taxed account, the 401 (k) lets you get taxed just once, rather than multiple times. A Roth 401 (k) gives you a similar "tax me once" advantage, except that you get taxed at the beginning rather than the end. See the Roth IRA article for more.

By inputting these details, you'll get a comprehensive view of your projected 401K balance at retirement, adjusted for inflation. Our interactive chart visually represents your account's growth over time, helping you understand the power of compound interest and long-term investing.