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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 You only pay taxes on contributions and earnings when the money is withdrawn.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.
The information provided by these calculators is intended for illustrative purposes only and is not intended to show actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Please be sure to consult a financial professional prior relying on these results.