Over the course of your 35 year savings period, your retirement account is worth an additional $371,362.41 in retirement savings based on your company's match.
A retirement account available through your employer is one of the best methods for building retirement savings. There are two key advantages. First, any contributions made to your retirement account now are tax deferred, so each year's total taxable income will be lower. Second, some employers provide retirement account match programs where they contribute to your retirement account. Depending on the program, employer contributions can range from 0% to 100% of your contributions.
This calculator is provided only as a general self-help planning tool. Results depend on many factors, including the assumptions you provide and may vary with each use and over time. We do not guarantee its accuracy, or applicability to your circumstances.