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.
New Jersey 401k and retirement tax guide - 2026
How New Jersey taxes 401k contributions and retirement distributions
New Jersey retirement tax overview
New Jersey excludes pension income up to $100,000 for taxpayers with income below certain thresholds. New Jersey's high income tax rates make retirement tax planning critical.
New Jersey's pension exclusion of up to $100,000 for qualifying retirees is one of the most generous in the country but is income-limited. New Jersey retirees with income above the threshold face full state taxation of 401k distributions.
Federal 401k rules that apply in New Jersey
Regardless of New Jersey 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 New Jersey retirement situation.