401(k) Contribution

How Much Can You Afford to Contribute?

Participating in a traditional 401(k) plan doesn't have to take a big bite out of your take-home pay -- and it can cut down on your tax bill.

To see how establishing or increasing your contribution will affect your income tax and take-home pay, just answer the following questions, then click Submit.



What is your current gross pay each pay period?

 $

What is your current age?
  1. 14
  2. 35
  3. 56
  4. 78
  5. 99

Value:  

How often are you paid?

What percentage of your paycheck would you like to contribute to your traditional 401(k) plan?
  1. 0
  2. 25
  3. 50
  4. 75
  5. 100

Value:  %

Does your employer offer a matching contribution? If so, enter the appropriate percentage of match for your desired level of contribution. For example, if your employer offers a two-tiered program with a 100% match on contributions of up to 3% plus a 50% match on contribution amounts over 3% up to a maximum of 6%, enter 100% on 3% as the 1st Tier and 50% on 3% as the 2nd Tier.

 Employer matches:

% % on the first
% % on the next
% % on the next

What is your federal income tax rate?

If your income is subject to state taxes, enter your state income tax rate.

 %