How does the 401(k) Balance Calculator work?
Free 401(k) Balance Calculator - Determines your 401(k) balance given a salary history per year, contribution percentage rate, employer match percentage, and a rate of return.
This calculator has 3 inputs.
This calculator has 3 inputs.
What 3 formulas are used for the 401(k) Balance Calculator?
Total Contribution (TC) = SA + EA
Interest Credit (IC) = TC * ROR
Ending Balance = OB + IC
Interest Credit (IC) = TC * ROR
Ending Balance = OB + IC
What 5 concepts are covered in the 401(k) Balance Calculator?
- 401(k) balance
- The balance in an investment vehicle known as the 401(k) - a retirement savings plan sponsored by an employer
- balance
- the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period
- interest
- payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate
- percent
- a specified amount in or for every hundred. one part in every hundred.
n% = n/100 - rate
- the ratio between two related quantities in different units. A measure, quantity, or frequency.
