Whether retirement is a distant thought or an emerging reality, you can benefit from investing in your employer-sponsored 401(k) plan. All contributions are tax-deferred, and you pay taxes on contributions and earnings only when you withdraw money. A 401(k), especially if your employer offers matching contributions, can be a smart tool for planning your retirement. As always, consult a professional to discuss tax implications.
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401(k) Calculator

A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account. The combined result is a retirement savings plan you cannot afford to pass up.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.