You cannot contribute more than 15% of your Gross Income or $11,00.00 (Pesky Government Limitation).
Your Employer cannot contribute more than YOU DO!
All computations (Plan Interest, Cost of Inflation, Salary Increases, etc..) are done on a yearly basis.
The application will only perform computations up to the age of 90.
SOCIAL SECURITY INCOME IS NOT INCLUDED. Since the Social Security Fund is currently broke or near broke, we can't count on it
being around when you retire. Look at it this way, if Social Security is around, it'll be gravy money!
Please enter the following data:
Current Age
Current Salary
Annual Return on 401K Plan %
Retirement Age
Current 401K Plan Balance
Annual Return on Investment During Retirement %
401K Investment %
Retirement Income Goal - Adjusted Gross
Income (In Today's Dollars)
Estimated Annual Raise %
Estimated Annual Inflation %
Use Annual Raise for
Adjusted Gross Income before Retirement Use Inflation for
Adjusted Gross Income before Retirement
Company Matching Funds %
Maximum Company Contribution in Dollars
Warning Message Alert
Here are some helpful hints:
Retirement Income should be at least 50% of your current Gross Income. Ideally it should be 75% to 80% of your current Gross Income.
Aggressive investing up front allows for more conservative investing in your "Golden Years".
Contribute as much as you can now! If you put it off till you make more money, you'll just spend more money! This will also lower your taxable
income so Uncle Sam won't take as much.
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