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This tool compares the hypothetical results of investing in a Traditional (pre-tax) and a Roth (after-tax) retirement plan. Whether you participate in a 401 (k), 403 (b) or 457 (b) program, the information in this tool includes education to assist you in determining which option may be best for you based on your personal financial situation.
The Roth 401(k) feature allows participants to make after-tax contributions to their 401(k) plan, which accrue earnings tax-free and allow for tax-free distributions in retirement. Most financial experts agree that it can provide a significant benefit to a variety of savers — from high-income to lower-income workers.
Choose the appropriate calculator below to compare saving in a 401 (k) account vs. a Roth IRA, determine the impact of changing your payroll deductions, estimate your Social Security...
Estimate your balance at retirement with this free 401(k) calculator. Input your monthly contributions and employer match information to see how your money might grow over time.
What is the Roth 401(k) option? Unlike your traditional, pre-tax 401(k) deferrals, the Roth 401(k) feature allows you to contribute after-tax dollars, but then withdraw tax-free dollars from your account when you retire, provided the distribution is “qualified”. A qualified distribution
security. If you have a 401(k) or other retirement savings plan at work, sign up and contribute a. you can. If your employer also contributes to the plan, sometimes as a matching contribution, find out how much the employer match is and how much you need to contribute to get.
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Use NerdWallet's free Roth IRA calculator to estimate your balance at retirement and calculate how much you are eligible to contribute to a Roth IRA. Got a 401(k)? We have a...
