403(b) Retirement Calculator

For teachers, nurses, and nonprofit employees. See what your 403(b) will actually be worth at retirement.

Current 403(b) balance ($)What you have saved so far Monthly contribution ($)What you put in each month Employer monthly match ($)What your employer adds each month

Expected annual return (%)Historical average is around 7%

Years until retirementHow many years you'll keep contributing

Projected balance at retirement
Total you contribute
Total employer match
Estimated monthly income (25 yrs)

Projected balance assumes a constant rate of return and steady contributions. Monthly income estimate uses a 25-year drawdown and excludes taxes and inflation.

What is a 403(b)?

A 403(b) is a tax-advantaged retirement plan for employees of public schools, nonprofits, and some hospitals. It works similarly to a 401(k) — contributions reduce your taxable income now, and the money grows tax-deferred until retirement.

2024 contribution limits

You can contribute up to $23,000 per year to a 403(b) in 2024 ($30,500 if you're 50 or older). Some 403(b) plans offer an additional 15-year catch-up provision for long-tenured employees.

All retirement calculators

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