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Paychex Retirement Calculator & Information

Paychex Retirement Calculator & Information

The earlier you start contributing to a retirement plan, the more the power of compound interest may help you save. Use our retirement calculator to see how much you might save by the time you retire based on conservative, historic investment performance. See the Methodology link below for additional details.

Enroll Now or Increase Contributions

person typing on laptop

Will you meet your goal?

  • Projected Assets
    0
  • Retirement Goal
    0
GOAL
Earnings

$0

Contributions

$0

How 401(k) Contributions Affect Your Paycheck

Your Yearly Contribution: 0

Your Take Home Pay Only Changes By: 0

Your Yearly Tax Savings: 0

Step 1: About You

Begin with information about you, including your annual salary, the state you reside in, your current age, and the age you aim to retire.
Personalize your Results
Try using different numbers to see things like what your savings could be like if you changed your monthly contribution or wanted to retire earlier

Annual Salary

Tax Information

Current Age

Retirement Age

Step 2: About Your Savings

Enter what you have currently saved, how much you could put in a monthly contribution to a 401(k), and how much your employer/the business owner may match.

Current Savings

Per Month Contribution

Employer Match Percentage



Calculate Retirement Savings

Recalculate Retirement Savings

These calculations are provided for illustrative purposes only, and should only be used as a guideline. They are not representative of past or future performance and not a replacement for professional financial planning advice. Actual investment results will vary.

How 401(k) Contributions Affect Your Paycheck

Your Yearly Contribution:

0

Your Take Home Pay Only Changes By:

0

Your Yearly Tax Savings:

0
Your Information
Annual Salary
Per Month Contribution
Current Age
Retirement Age
Retirement Income Amount
Current Savings
Employer Match Percentage
Investment Return Percentage
Federal Tax
State Tax
Your Retirement Account
 
Have this by age 65
Cost of waiting
Start your 401K investment now
0
0
Start your 401K investment in 1 year
0
0
Start your 401K investment in 2 years
0
0
Start your 401K investment in 3 years
0
0
Avg Annual Retirement Savings LOST
0
As you can see, going with the ‘wait until next year’ strategy can have a significant effect on future savings. Retirement comes faster than you think, and by not starting a plan now, you and your employees are missing out on compound interest.
Contact Paychex today to get started. 844-846-7822 or payx.me/retire
Besides the missed opportunity of accumulating compounding interest, the other major advantage of a 401(k) plan is the tax savings from pre-tax contributions. The charts below show the potential tax savings that you could miss out on by waiting.
Cost of Waiting in Taxes Owed
 
Tax Savings (+/-)
Start your 401K investment now
0
Start your 401K investment in 1 year
0
Start your 401K investment in 2 years
0
Start your 401K investment in 3 years
0

These calculations are provided for illustrative purposes only, and should only be used as a guideline. They are not representative of past or future performance and not a replacement for professional financial planning advice. Actual investment results will vary. Paychex and its affiliates do not offer investment or tax advise.

Methodology
Paychex is committed to providing resources to the Spanish-speaking community. To ensure we are providing the most up-to-date and accurate information, some content on this website will be shown in English, and will be provided in Spanish when available.