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INCREASE 401K CONTRIBUTION CALCULATOR


Result of Increasing Your 401k Contribution by %

Immediate Impact1

 
Your monthly take-home pay would reduce by: $
  
Your annual income tax bill would decrease by: $
  

Long Term Impact2

 
If you continue to make the additional monthly contribution until you retire, it could potentially grow to: $
  
Potential Growth of Additional Retirement Savings
 
Future Year


Making choices about your retirement savings can be complicated. We invite you to learn more about how Wachovia can help you make financial choices that are appropriate for you. Talk to us.

To discuss your retirement needs in more detail, please contact us, (888) 840-2517, 8:00 am - 6:00 pm ET, Monday through Friday, or use our office locator.

Wachovia Retirement Home Page


Keep in mind when utilizing this calculator that the higher the annualized rate of return you input, you would have to, in turn, expose your investments to higher levels of investment risk in order to try to achieve those results.

This is a hypothetical example used for illustrative purposes only and is not indicative of any particular investment.

Withdrawals from your qualified plan are taxed as ordinary income and may be subject to a 10% Federal tax penalty if taken prior to age 59½.

Investments in securities will fluctuate, and when sold, may be worth more or less than their original cost.

This information is provided for informational purposes only and is not intended to provide specific advice or guidance. Please talk to your advisor before making any retirement plan decision. The results provided are not shared with any investment professional at our firm.

This analysis is based on information you have provided. Wells Fargo Advisors assumes no responsibility for the accuracy or completeness of this information.

2 Assumes

05/05
Wachovia Securities, the trade name formerly used for Wachovia Securities, LLC and Wachovia Securities Financial Network, LLC, is now Wells Fargo Advisors. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company. Wachovia is a Wells Fargo Company.