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Retirement Contribution Effects on Your Paycheck

An employer sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages. First, all contributions and earnings are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions. Use this calculator to see how increasing your contributions to a 403(b) or 457(b), if eligible, plan can affect your paycheck as well as your retirement savings. This calculator has been updated to use the new withholding schedules.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from your Financial Fitness Advisors (FFA) professionals at 1.877.846.8792 or info@FFAdvisors.org regarding all personal finance and investment issues.