403(b) Retirement Plan Calculator

Designed for educators, healthcare workers, and non-profit employees

Personal Information

Current Age

35 years

Planned Retirement Age

65 years

403(b) Plan Details

Current 403(b) Balance ($)

$45,000

Annual Salary ($)

$65,000

Employee Contribution Rate (%) For 2023, the maximum employee contribution is $22,500 ($30,000 if age 50+)

10%

Employer Match (%) Many employers match a portion of employee contributions

5%

Expected Annual Salary Growth (%)

2.5%

Expected Annual Return (%)

6%

Contribution Type

Pre-Tax (Traditional) Roth (After-Tax)

403(b) Tip: Contribution limits for 2023 are $22,500 ($30,000 if age 50+). Your contributions may be tax-deductible.

403(b) Retirement Summary

Years Until Retirement

30 years

Projected 403(b) Balance

$852,760

Annual Retirement Income (4% Rule)

$34,110

Total Contributions

$315,000

Employee Contributions

$210,000

Over working years

Employer Contributions

$105,000

Match and contributions

Investment Growth

$537,760

Compound growth

Savings Projection

Current Balance Projected Balance

This calculator provides estimates only. Actual results may vary based on market conditions and other factors.