403(b) Savings Calculator
If you are an employee of a non-profit tax-exempt organization, a 403(b) can be one of your best tools for creating a secure retirement.
How the 403(b) savings calculator works
It projects a 403(b) — the nonprofit and education equivalent of a 401(k) — by growing your balance, your salary-based contributions and any employer match at your expected return each year.
Worked example: with current 403(b) balance of $20,000, annual salary of $60,000 and your contribution of 8.00%, the 403(b) savings calculator shows 403(b) at retirement of $940,615.
- Your contributions
- $144,000
- Employer match
- $90,000
- Investment growth
- $686,615
- Projected balance
- $940,615
| Contribution rate | 403(b) at retirement |
|---|---|
| 4.00% | $698,040 |
| 6.00% | $819,327 |
| 10.00% | $1,061,902 |
| 15.00% | $1,365,122 |
The formula
Each year: balance = (balance + your contribution + employer contribution) × (1 + return), with contributions set as a percentage of salary.
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.
Questions about the 403(b) savings calculator
What is a 403(b)?
A tax-advantaged retirement plan for employees of schools, hospitals, churches and other nonprofits. It works much like a 401(k) for contributions and growth.
Does a 403(b) come with an employer match?
Some do and some do not. Where a match exists, contribute enough to capture it fully — the calculator includes an employer-match input.
How much can I contribute to a 403(b)?
Limits mirror the 401(k) and rise with age and long service. Check the current IRS limit; the calculator lets you model any contribution rate.
Is the 403(b) Savings Calculator free to use?
Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.