Roth 401(k) Calculator


Should I save in a Traditional 401(k) plan or would it be better for me to save in a Roth 401(k) plan? This calculator estimates how much a Traditional 401(k) and a Roth 401(k) plan may be worth at your retirement age. You should be conservative in your estimate of the annual return that you anticipate on your retirement savings, since unreasonably high rates of return many not be sustainable over prolonged periods of time.

Complete the Roth 401(k) calculator to learn more.

1.   What is your name?  
2.   What is your current age?   yrs.
3.   What is your retirement age?   yrs.
4.  
 
What is your current salary?
(the amount reflected here is based on "prior year salary")
$  
5.   What is your estimated annual raise?   %
6.  
 
What is your 401(k) savings deferral rate?
(% of salary)
  %
7.  
 
What is your additional annual "catch-up" contribution for employees age 50 & over? $
8.   What is your current Federal Tax Rate?  
 9.   What is your estimated Federal Tax Rate during retirement?  
10.  What is your estimated annual return?   %
11. 
 
Select comparison type:
 
  Same take home pay
Reduced take home pay
Same take home pay - this option shows Roth 401(k) contributions based on keeping your paycheck deductions and take-home pay the same as if contributing to a Traditional 401(k). Your net contribution to the Roth 401(k) would be lower than the contribution to a Traditional 401(k).

Reduced take home pay - this option shows Roth 401(k) contributions based on increasing your paycheck deductions for current taxes, and thereby reducing your take-home pay. Your net contribution to the Roth 401(k) would be the same as your contribution to a Traditional 401(k).

      


IMPORTANT LEGAL INFORMATION: This is an educational tool designed to provide you with feedback based on the information that you input and is not intended as investment advice. Any results obtained from calculations should not be taken as a recommendation to buy or sell any particular product or security or as a definitive answer to your personal financial situation. For a thorough analysis of your financial situation, please contact your financial professional. These results are hypothetical only and do not reflect any particular investment. Some investments have charges, fees, and expenses that are not reflected in the results shown, and the impact of state and local taxes also are not included. If such costs were reflected, the amounts available for distribution would be lower.

Neither The Hartford nor its representatives may provide you with legal or tax advice. The information in this report is intended to be only an estimate of the amounts that may be available for your retirement. Before taking any action with respect to your retirement planning, you should consult with your personal financial professional or tax advisor for a more detailed analysis of your individual circumstances.

NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY - MAY LOSE VALUE - NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIAte

"The Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Life Insurance Company, Hartford Retirement Services, LLC, and Hartford Securities Distribution Company, Inc. ("HSD"). HSD (member FINRA and SIPC) is a registered broker/dealer affiliate of The Hartford.



RPS 8029
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