401k contribution calculator - 2026
Enter your salary, contribution rate, and employer match to see your projected retirement savings
| Category | Annual | Total at retirement |
|---|---|---|
| Your contributions | -- | -- |
| Employer match | -- | -- |
| Investment growth | -- | -- |
| Total projected balance | -- | -- |
Projections assume constant contribution rates and investment returns. Actual returns vary and are not guaranteed. This calculator is for educational purposes only. Consult a financial advisor for personalized retirement planning advice.
Georgia 401k and retirement tax guide - 2026
How Georgia taxes 401k contributions and retirement distributions
Georgia retirement tax overview
Georgia allows taxpayers 62 and older to exclude up to $35,000 of retirement income from state taxes ($65,000 at age 65). Georgia is increasingly popular as a retirement destination.
Georgia's generous retirement income exclusion - $35,000 at age 62 and $65,000 at age 65 - significantly reduces the state tax burden on 401k distributions for Georgia retirees.
Federal 401k rules that apply in Georgia
Regardless of Georgia state tax treatment, federal rules govern 401k contribution limits. In 2026 the 401k contribution limit is $23,500 per year ($31,000 if age 50 or older with catch-up contributions). Traditional 401k contributions reduce your federal taxable income dollar-for-dollar in the year contributed. You pay ordinary income tax when you withdraw in retirement. Withdrawals before age 59.5 are subject to a 10% federal penalty plus income taxes unless an exception applies.
This guide is for general informational purposes. Tax laws change frequently. Consult a qualified financial advisor or tax professional for advice specific to your Georgia retirement situation.