Future Value Calculator

*Required field

General inputs

Current age:*

Retirement age:*

Current gross salary:

Current balance:

Current Balance

Enter the current household balance in your employer-sponsored plans (for example, your 401(k), 457 or 403(b) plans).

Annual contribution:

Annual Contribution

Enter the amount you would like to contribute annually towards your retirement in either a taxable or tax-deferred investment. There is a maximum annual contribution limit of 23000 in 401(k), 403(b) and 457 plans. If you are age 50 or older and participating in a 401(k), 403(b), and/or 457(b) you may be able to contribute an additional 7500. If you participate in a 457(b) plan and are 3 years from retirement, other higher catch-up limits may apply. Please consult your investment professional or tax advisor.

Annual contribution increase:

Annual Contribution Increase

You may want to increase your annual contribution each year to take into consideration any pay raises you may receive and to minimize the impact of inflation. Enter the percent by which you plan to increase your contribution annually.

Rate of return:

Rate of Return

Enter the average annual rate of return you expect to earn on your retirement investments. The recommended range is between 2% and 9%.

Current tax rate:

Current Tax Rate

Enter the sum of your federal and state tax rates.

Tax rate at retirement:

Tax Rate at Retirement

Enter the sum of your federal and state tax rates at retirement. This figure is used to determine how your investments will be taxed upon withdrawal in retirement.

Employer match:

Yes No
To edit employer matching contributions to your employer-sponsored plan, click Yes

Employer matching contributions

If your employer provides only one level of matching contributions, just complete the first line and click on the Submit button.

Employer matches cents on the dollar for the first of salary.

Employer matches cents on the dollar for the next of salary.

Employer's matching dollar limit:

Employer's Matching Dollar Limit

If your employer has a maximum matching contribution amount, enter it here.

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Important Information

The information presented above is hypothetical and is not intended to serve as a projection or prediction of the investment results of any specific investment. This calculator is provided only as a general self-help tool. The accuracy or applicability of the tool's results to your circumstances is not guaranteed. We encourage you to talk to an investment professional about your situation. This tool is not an offer, representation or warranty by Nationwide® or any of its affiliated companies and does not describe any specific products or services they offer. We are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool. Costs of investing have not been taken into consideration. Withdrawals from qualified plans that are taken prior to age 59½ may be subject to a 10% penalty tax. Federal income tax laws are complex and subject to change. The information in this tool is based on current interpretations of the law and is not guaranteed. Neither the company nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

NFW-0982AO.3