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


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.