Retirement Planning Tools

Contribution Effects on Your Paycheck

Before You Start

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 You only pay taxes on contributions and earnings when the money is withdrawn.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 401(k), 403(b) or 457(b) plan can affect your paycheck as well as your retirement savings.

Please Note: We cannot and do not guarantee the calculator’s applicability or accuracy in regard to your individual circumstances.
The IRS announced the 2026 Maximum Allowable Contribution (MAC) limits for 403(b) and 457(b) plans. Elective contribution limits increased to $24,500 for 2026.

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Retirement Contribution Effects on Your Paycheck Calculator

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 You only pay taxes on contributions and earnings when the money is withdrawn.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 401(k), 403(b) or 457 plan can affect your paycheck as well as your retirement savings. Withholding schedules, rules and rates are from "IRS Publication 15" and "IRS Publication 15T". This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA).

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For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.

Daybright Financial
99 Wood Avenue South, Suite 501
Iselin, NJ 08830

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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 qualified professionals regarding all personal finance issues.