Understanding and Controlling Your Finances

401(k) Value Calculator

This calculator helps you to understand how much money you can accumulate by making monthly contributions to your 401(k) account. Enter the amount you plan to add to your account each month, and the expected interest rate. The calculator will show you the amount that will accumulate in the account over different time spans.

Salary - Enter your current annual salary.
Percentage contribution - Enter a percentage between 1% and 15% that represents the percentage of your income that you wish to withold into your 401(k) account. The witholding may not exceed 15%. Also, you cannot contribute more than $9,500 to your 401(k) account in any year, so adjust this percentage to make sure that the total annual witholding does not exceed $9,500.
Interest Rate - Enter the interest rate you expect to earn. To give you two ideas, current CD rates run between 5% and 6%, while the stock market has returned an average of 10% or so for many years. For 6%, enter 6 in the entry field.
Click this button to calculate the account value.
Yearly witholding - This is the amount that will be witheld from your salary each year. This number cannot exceed $9,500.
Monthly witholding - This is the yearly witholding divided by 12.
Year	Value
1 year value - This is the total value of your 401(k) account at the end of 1 year.
2 year value - This is the total value of your 401(k) account at the end of 2 years.
3 year value - And so on...
4 year value
5 year value
10 year value
15 year value
20 year value
30 year value
40 year value

It is particularly interesting to note the massive difference between the 30 and 40 year numbers. Getting started at age 25 rather than 35 can have a BIG impact!

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