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401(k) & RRSP Retirement Savings Calculator
Estimate how a US 401(k) or Canadian RRSP could grow by retirement, including your own contributions, employer match, tax savings, and a simple 4% income estimate.
Catch-up rule: Age 50+ savers can typically make extra 401(k) catch-up contributions on top of the standard annual limit.
Employer match here is estimated as 50.0% of contributions up to 6.0% of salary.
Projected Balance at Retirement
$1,817,786
Total Contributions
$360,000
Total Employer Match
$81,000
Total Investment Growth
$1,326,786
Tax Savings from Contributions
$86,400
About $2,880 per year at your current tax rate.
Effective Monthly Income in Retirement
$4,969
$6,059 before estimated retirement taxes using the 4% rule.
Projection Summary
30 year 401(k) growth estimate from age 35 to 65.
Employee contribution used
$12,000/yr
Employer match used
$2,700/yr
Combined annual deposit
$14,700/yr
Year-by-Year Projection
Estimated annual contributions, employer match, growth, and ending balance.
| Age | Starting Balance | Your Contribution | Employer Match | Growth | Ending Balance |
|---|---|---|---|---|---|
| 36 | $50,000 | $12,000 | $2,700 | $4,015 | $68,715 |
| 37 | $68,715 | $12,000 | $2,700 | $5,325 | $88,739 |
| 38 | $88,739 | $12,000 | $2,700 | $6,726 | $110,165 |
| 39 | $110,165 | $12,000 | $2,700 | $8,226 | $133,091 |
| 40 | $133,091 | $12,000 | $2,700 | $9,831 | $157,622 |
| 41 | $157,622 | $12,000 | $2,700 | $11,548 | $183,870 |
| 42 | $183,870 | $12,000 | $2,700 | $13,385 | $211,956 |
| 43 | $211,956 | $12,000 | $2,700 | $15,351 | $242,007 |
| 44 | $242,007 | $12,000 | $2,700 | $17,455 | $274,162 |
| 45 | $274,162 | $12,000 | $2,700 | $19,706 | $308,568 |
| 46 | $308,568 | $12,000 | $2,700 | $22,114 | $345,382 |
| 47 | $345,382 | $12,000 | $2,700 | $24,691 | $384,773 |
| 48 | $384,773 | $12,000 | $2,700 | $27,449 | $426,922 |
| 49 | $426,922 | $12,000 | $2,700 | $30,399 | $472,021 |
| 50 | $472,021 | $12,000 | $2,700 | $33,556 | $520,277 |
| 51 | $520,277 | $12,000 | $2,700 | $36,934 | $571,911 |
| 52 | $571,911 | $12,000 | $2,700 | $40,548 | $627,159 |
| 53 | $627,159 | $12,000 | $2,700 | $44,416 | $686,275 |
| 54 | $686,275 | $12,000 | $2,700 | $48,554 | $749,529 |
| 55 | $749,529 | $12,000 | $2,700 | $52,982 | $817,210 |
| 56 | $817,210 | $12,000 | $2,700 | $57,719 | $889,629 |
| 57 | $889,629 | $12,000 | $2,700 | $62,789 | $967,118 |
| 58 | $967,118 | $12,000 | $2,700 | $68,213 | $1,050,031 |
| 59 | $1,050,031 | $12,000 | $2,700 | $74,017 | $1,138,747 |
| 60 | $1,138,747 | $12,000 | $2,700 | $80,227 | $1,233,674 |
| 61 | $1,233,674 | $12,000 | $2,700 | $86,872 | $1,335,246 |
| 62 | $1,335,246 | $12,000 | $2,700 | $93,982 | $1,443,928 |
| 63 | $1,443,928 | $12,000 | $2,700 | $101,589 | $1,560,217 |
| 64 | $1,560,217 | $12,000 | $2,700 | $109,730 | $1,684,647 |
| 65 | $1,684,647 | $12,000 | $2,700 | $118,440 | $1,817,786 |
EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.
Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.
Learn more about our review process on the EveryCalc methodology page.
How this calculator works
What this page estimates
This 401(k) & RRSP Retirement Savings Calculator is built to give a quick, browser-based estimate for 401(k) & rrsp retirement savings. Estimate how a US 401(k) or Canadian RRSP could grow by retirement, including your own contributions, employer match, tax savings, and a simple 4% income estimate. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.
Calculation approach
The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.
Example workflow
For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.
Practical checks
- Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
- Run a low, base, and high case when the inputs are estimates.
- Check the related calculators below when the next decision depends on a different assumption.
How to interpret the 401(k) & rrsp retirement savings result
Best use
Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.
Cross-check
Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.
Watch for
Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.
This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.
Before relying on this 401(k) & rrsp retirement savings estimate
Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.
Confirm source numbers
Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.
Separate cash flow from total cost
A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.
Run conservative cases
Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.
Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.
How to Use
- Choose whether you want to model a US 401(k) or a Canadian RRSP.
- Enter your current age, retirement age, current balance, annual contribution, salary, expected return, and tax brackets.
- If you have a workplace plan match, add the employer match percentage and the salary percentage it applies to.
- Review the projected balance, contribution totals, tax savings, estimated retirement income, and year-by-year growth table.
Frequently Asked Questions
What is the difference between a 401(k) and an RRSP?
A 401(k) is a US employer-sponsored retirement account that may include employer matching contributions. An RRSP is a Canadian registered retirement savings plan that offers tax-deductible contributions and contribution room based largely on earned income.
How does employer match work in a 401(k)?
Many employers match part of your 401(k) contribution up to a limit, such as 50% of contributions up to 6% of salary. That means free retirement money if you contribute enough to capture the full match. This calculator estimates that match based on the percentages you enter.
Why do 401(k) and RRSP contributions create tax savings?
Traditional 401(k) and RRSP contributions are generally made with pre-tax income or are tax deductible, which can lower your taxable income today. The calculator estimates this immediate tax benefit using your current tax bracket.
What is the 4% rule for retirement income?
The 4% rule is a common planning shortcut that estimates you may be able to withdraw about 4% of your retirement portfolio per year. It is not a guarantee, but it is useful for rough income planning.
Does this calculator account for official contribution limits?
It includes a practical RRSP income-based cap of 18% of salary in the projection and shows a catch-up note for 401(k) savers age 50 and older. It is still a planning tool, so confirm exact annual limits and tax rules with current IRS or CRA guidance.
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