Retirement & Savings2 options compared

401(k) Calculator

Calculates potential retirement savings using inputs such as personal contributions, employer match, investment returns, and years until retirement. Models growth based on selected risk levels and inflation rates. Suitable for anyone planning their 401(k) investments to ensure financial security in later life. Helps users estimate the impact of different saving strategies and make informed...

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Editors’ Top PickBased on community votes
Other OptionsRanked by votes

Side by side

401(k) Calculator options compared

ToolBest forStrengthsLimitations
Bankrate Calculators
bankrate.com
Quick 401(k) growth estimates
  • No login required
  • Clear contribution and match inputs
  • Projects balance over time
  • Fewer advanced variables
  • Basic interface
NerdWallet Financial Calculators
nerdwallet.com
Detailed retirement planning
  • Includes existing balance
  • Models contribution increases
  • Visual strategy comparison
  • Advertising partners noted
  • More fields to fill out

Buyer's guide

How to choose a 401(k) calculator

If your main goal is to see how personal contributions and an employer match grow over time, Bankrate's tool gets you results fastest. If you already have a 401(k) balance or want to test how raising your contribution rate affects the final total, NerdWallet's calculator handles those variables without needing a separate spreadsheet.

Questions

401(k) Calculator FAQ

Can I use these calculators if I don't know my exact rate of return?
Both calculators ask for an expected annual return; you can input a custom number or choose a common range to test various outcomes.
Do these tools factor in inflation or tax effects?
Bankrate's calculator has an inflation rate field; NerdWallet's does not advertise inflation modeling. Neither tool provides an after-tax projection.
Which calculator is faster to use if I just want a rough number?
Bankrate requires fewer data points, making it the faster option for a quick estimate.
Can I compare multiple scenarios side-by-side in these tools?
Both calculators process one set of inputs at a time; there is no mentioned feature to compare multiple scenarios simultaneously.
Do I need to create an account to use either calculator?
Both are usable without creating an account, though NerdWallet's page notes advertising partners that compensate the site.
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