What is the impact of increasing my 401(k) contribution?

It may surprise you how significant your retirement accumulation may be simply by increasing the percent of your salary that you save each month in your 401(k). Use this calculator to estimate how much more you could accumulate taking into account any employer match (if applicable).
Common Assumptions
Years until retirement 
Current annual income ($) 
Annual salary increases (%)help
Plan Information
Current 401(k) balance ($) 
Annual before-tax return on savings (%)help
Pay period frequency 
Employer match (%) 
Maximum employer match (%) 
Contribution Information
Current 401(k) plan contribution (%) 
Proposed 401(k) plan contribution (%)
Be sure to enter a number greater than your current contribution.
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

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