401(k) vs. IRA Contribution Maximizer

Your Details

Your Age (Years):

Annual Gross Salary ($):

Total Amount You Plan to Save for Retirement This Year ($):

Current Year IRS Contribution Limits (Verify These Annually)

Your 401(k) Employee Contribution Limit ($):

401(k) Catch-up Limit (if age 50+) ($):

IRA Contribution Limit (Traditional/Roth combined) ($):

IRA Catch-up Limit (if age 50+) ($):

401(k) Employer Match Details

Enter how your employer's 401(k) match works:

My employer matches % of my contributions, up to % of my salary.

E.g., if employer matches 50% of your contributions up to 6% of your salary, enter 50 and 6.

IRA Preference

Which type of IRA are you considering?

Note: IRA contribution eligibility (especially for Roth IRA or deductible Traditional IRA) depends on your Modified Adjusted Gross Income (MAGI) and other factors not assessed by this tool. Please verify your eligibility separately.

Recommended Contribution Strategy

Please complete the previous steps and click "Calculate Strategy" to see your results.

2. Employer Match Received: $${employerMatchReceived.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

3. Recommended ${iraTypeDisplay} Contribution: $${allocatedToIra.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

Total Your Contributions: $${totalUserContributions.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

Total Retirement Account Deposits (Your Contributions + Match): $${totalRetirementDeposits.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

${savingsRemainingUnallocated > 0 ? `

Amount of Planned Savings Remaining (consider taxable account): $${savingsRemainingUnallocated.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

` : ''} ${(allocatedTo401k >= actual401kLimit && allocatedToIra >= actualIraLimit && vals.amountToSave > totalUserContributions) ? `

Congratulations! You've maxed out both your 401(k) and IRA contributions based on the limits provided!

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