Department of Labor Federal Credit Union

How Much Can I Save With My 401(k)?

A 401(k) plan is one of the most powerful tools you can use to save for your retirement. Use this calculator to estimate how much you can save with your 401(k) retirement savings plan.

Personal Information

Current Age:
Retirement Age:
Life Expectancy:
Current Annual Income:
Wage Growth Percentage:

401(k) Saving Information

Current 401(k) Balance:
Contribution Percent:
Employer Match Percentage:
Pre-Retirement Rate of Return:

401(k) Withdrawal Information

Post-Retirement Rate of Return:
Inflation Rate:

Current Age

Enter your current age.

Retirement Age

Enter the age at which you wish to retire.

Life Expectancy

Enter the age you expect to live to.

Current Income

Enter your current income.

401(k) Contribution Percentage

Enter the percentage of your income you contribute annually to your 401(k) retirement plan.

Wage Growth Percentage

Enter the percentage by which you expect your wages to grow. Typically, 3% - 5% per year.

Current 401(k) Balance

Enter the current balance of your 401(k) retirement plan.

Employer Match Percentage

Enter the percentage of your income your employer matches.

Pre-Retirement Rate of Return

Enter the rate of return you expect to achieve on your pre-retirement investments.

Post-Retirement Rate of Return

Enter the rate of return you expect to achieve after retirement on your investments.

Inflation Rate

Enter the inflation rate you want to use for withdrawal calculations.

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