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You've carefully put away money in your 401(k) year after year without
really thinking much about it. But now you're wondering, "How much is
really there?" Use this handy calculator to find out. |
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| Current Plan Balance: |
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$ |
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| Annual Salary: |
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$ |
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| Salary Deferral Percentage: *
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| Employer Contribution Percentage: |
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| Expected Percentage Salary Increase: * |
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% |
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| Investment Interest Rate: |
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% |
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| Current age: * |
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| Retirement Age: * |
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Inflation Rate:
(usually around 3%) |
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% |
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| * Denotes a required field. |
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Assumptions:
- Annual deposits occur at the start of each year.
- Tax laws limit Annual Salary figures for highly compensated employees. Check with your employer for the updated limits.
- Salary Deferral Percentage may be up to 100% of Annual Salary, subject to limits set by your employer and an annual dollar maximum. Your Salary Deferral Percentage times
Annual Salary should not exceed $13,000, increasing in $1,000 increments annually to $15,000 in 2006, indexed for inflation thereafter.
Individuals age 50 and over may be eligible to make additional "Catch-up" contributions of $3,000 for 2004, increasing annually in $1,000
increments to $5,000 in 2006, indexed thereafter for inflation. See your employer for more detailed eligibility information.
- Employer Contribution Percentage is the employer's matching contribution expressed as a percentage of Annual Salary.
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