403(b) calculator

A picture of a leatherbound notebook, a calculator and a stack of papers titled 403b plan.

What should you keep in mind?

Just like 401(k) accounts, employees must wait until they are 59½ years old to withdraw and have a choice of two types of 403(b) accounts: Traditional and Roth.

Similar to Traditional 401(k) accounts, Traditional 403(b) contributions are taken from pre-taxed income and then taxed upon withdrawal during retirement. Early withdrawals are subject to a 10 percent penalty.

Roth 403(c) are akin to Roth 401(k) accounts in many ways. Contributions are taken from already-taxed income and available for withdrawal upon retirement. Early withdrawals will result in penalty fees on the earnings.

Calculate your 403(b) balance on retirement

Catch up amount is an option for those over 50, up to US$541 a month. Input what % of that you will contribute, leave blank if no catch up contributions will be made. If age is under 50 and a percentage is set, that contribution will be computed as if it had started at 50 years old.

Upon retirement, the amount in your 403(b) account will be: US$

With an average fee of 0.07%, you would have: US$.

With an average fee of 1.74%, you would have: US$.

With an average fee of 3%, you would have: US$.

Your Retirement Projection

Your projected retirement amount is: US$ .