401(k) Contribution Effects on Your Paycheck

An employer-sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages:

  • All contributions and earnings are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn.
  • Many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions.

Use this calculator to see how increasing your contributions to a 401(k) can affect your paycheck as well as your retirement savings.

This calculator uses the latest withholding schedules, rules and rates (IRS Publication 15).

This information is for educational purposes only and is not intended as a personalized recommendation or fiduciary advice. There are different options available for your retirement plan investments. You should consider all options before making a decision. Our representatives can help you evaluate all of your distribution options.

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