Retirement Savings

A 401(k) plan can be one of your best tools for creating a secure retirement. This particular kind of retirement plan provides you with two important advantages: First, all contributions and earnings to your 401(k) plan account are federal-income-tax-deferred. Therefore, you only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) plan account. The combined result is a retirement savings plan you cannot afford to pass up. Use Mutual of America's retirement savings calculator to learn the benefits of contributing to your 401(k) plan account.

To use this calculator, change entries and select “Calculate” to view new results.

This illustration does not take into account certain fees and expenses that may be charged to your investment. Mutual of America does not provide tax or legal advice. You should contact your tax or legal adviser concerning your particular situation.

Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes only. We encourage individuals to seek personalized advice from qualified professionals regarding all personal finance issues.