The purpose of the 403(b) Savings Calculator is to illustrate how making contributions to this retirement account can help you to save for your retirement. To use this tool you will need to enter the percentage of your annual salary that you want to contribute to your retirement account, your annual salary, your current age, the balance in your retirement account right now, the annual rate of increase in your salary, the age that you plan to be when you retire, the annual rate of return on your retirement account, the annual investment fees charged to your account, your employer's matching rate, and your employer's matching cap rate. This calculator will look at all of these figures and create a chart that will show you how your investments will grow in your 403(b) account between now and when you retire.

403(b) Savings Calculator Overview

The type of business that you work for greatly impacts the types of investment accounts that you can use to plan for your retirement. If you work for a 501c(3) Corporation like a hospital, school, university, or college, then you should consider a 403(b) plan. These plans offer tax deferred investments and employer matching options that make 403(b) plans a valuable choice for employees of certain non-profit organizations. If you would like to see if a 403(b) savings plan is right for you then you should try out our 403(b) Savings Calculator.