Retirement Savings Calculator

Retirement Savings Optimizer | 401k & Social Security Calculator

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Maximize your retirement funds with our comprehensive planning tools

401k Contribution Calculator

401k Projection Results

Years Until Retirement:
Total Contributions:
Employer Match Total:
Projected 401k Balance:
Estimated Monthly Income (4% rule):

Social Security Estimator

Social Security Estimate

Full Retirement Age:
Estimated Monthly Benefit at Full Retirement:
Estimated Monthly Benefit at Selected Age:
Lifetime Benefit Estimate (to age 85):

Inflation-Adjusted Projections

Inflation-Adjusted Values

Future Value of $1 Today:
Adjusted 401k Balance:
Adjusted Social Security Benefit:

Catch-Up Contribution Guide

If you’re age 50 or older, you can make additional “catch-up” contributions to your 401(k) and IRA accounts. These allow you to save beyond the standard limits to boost your retirement savings.

401(k) Catch-Up Contributions

In 2023, the 401(k) contribution limit is $22,500. If you’re 50+, you can contribute an additional $7,500, for a total of $30,000.

IRA Catch-Up Contributions

The IRA contribution limit is $6,500 in 2023. Those 50+ can contribute an extra $1,000, for a total of $7,500.

Strategies for Catch-Up

1. Maximize employer matches first
2. Automate increases with raises
3. Reduce expenses to free up savings
4. Consider working longer

Tax Benefits

Catch-up contributions are tax-deferred in traditional accounts, or tax-free in Roth accounts, providing significant tax advantages.

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