Calculate your retirement savings in a 403(b) plan, common for employees of public schools and non-profits.
403(b) Details
Financial Projection
Final 403(b) Balance$561,989Projected in 25 years
Your Total$153,745
Match Total$57,655
Projected Growth Curve
About this calculator
Overview
Calculate your retirement savings in a 403(b) plan, common for employees of public schools and non-profits.
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Pro Tips
Who can use a 403(b)?: 403(b) plans are available to employees of public schools, certain non-profits, and some ministers.
What is the '15-Year Catch-Up' rule?: Unlike 401(k)s, some 403(b) plans allow employees with 15 or more years of service with the same employer to contribute up to an additional $3,000 per year, subject to a lifetime cap of $15,000.
Are the contribution limits the same as a 401(k)?: Yes, the basic employee contribution limit (deferral) is the same as a 401(k), which is $23,000 in 2024.
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Fun Facts
"403(b) plans are sometimes called 'Tax-Sheltered Annuities' (TSA) because they were originally restricted to annuity contracts."
