The Money Friend

401k/IRA Optimizer

Are you leaving free money on the table? Check employer match, Roth vs Traditional, catch-up contributions, and optimal allocation.

401(k)/IRA Optimizer

Are you leaving free money on the table? Let's check your employer match.

$
$0$500,000
4.0%
0.0%25.0%

This is your employee contribution percentage

50.0%
0.0%100.0%

Common: 50% (50 cents per dollar) or 100% (dollar for dollar)

You're leaving $850/year in free money on the table.

Here's the thing

Your employer would give you $850 more per year if you increased your contribution from 4.0% to at least 6.0%. That's $2,550/year in employer match — money that's part of your compensation that you're not collecting. Over 20 years, this could grow to an extra $111,856.

Your current annual contribution

$3,400 (4.0%)

Employer match you receive

$1,700/year

Employer match left on table

$850/year

Increase to 6.0% to capture the full match

Projected balance (current plan, 20 yrs)

$320,455

Projected balance (full match, 20 yrs)

$432,311

Projected balance (max out, 20 yrs)

$1,239,430

2024 contribution limit

$23,500

Under 50 — no catch-up yet

Traditional: tax savings now

$1,224/year

Save $1,224/yr in taxes now

Roth: tax-free at retirement

$963,515

$963,515 tax-free at retirement

Traditional after-tax at retirement

$751,542

Assumes 22.0% tax rate in retirement

The Money Friend

You're leaving $850/year in free money on the table.

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This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.

Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.

Past performance and historical data do not guarantee future results. Equal Housing Opportunity.

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