Benefits of the 401k Calculator:

Retirement Planning: The calculator helps individuals plan for their retirement savings by projecting the growth of their 401k account over time.

Customizable Inputs: Users can input their starting balance, annual contribution, and interest rate to tailor the calculator to their financial situation.

Visual Representation: The table format presents a clear overview of how the account balance grows each year due to contributions and interest.

Interactive Interface: The calculator includes an interactive "Calculate" button that allows users to see the projected balance at the end of the next year.

Educational Tool: The calculator serves as a practical example for understanding compound interest and the impact of regular contributions on savings growth.

Quick Estimations: Users can quickly estimate the potential growth of their 401k savings for different contribution scenarios.

Easy-to-Use Design: The calculator's user-friendly design and intuitive layout make it accessible for users of varying technical backgrounds.

Accurate Projections: The calculator provides accurate projections based on the user's input and the compound interest formula.

Financial Awareness: Users can become more aware of the importance of regular contributions and compounding in building retirement savings.

Scenario Testing: Users can experiment with different combinations of initial balances, contributions, and interest rates to explore various savings scenarios.

In summary, the 401k calculator is a valuable tool for individuals to plan their retirement savings, make informed decisions about contributions, and visualize the potential growth of their 401k accounts over time.

401k Calculator

Year	Starting Balance ($)	Annual Contribution ($)	Interest Rate (%)	Ending Balance ($)
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