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Contribute to your IRA

Make the most of your retirement account in 3 simple steps: Contribute what you can, pick your investments, and then make it an easy, automated habit.

Make a contributionLog In Required

No need to memorize the IRS contribution limits—when you contribute online, we'll show you the annual maximums.

Keep in mind, we won't know your income, which determines if you can contribute to a Roth IRA or deduct any traditional IRA contributions. To quickly factor your income, just use our handy IRA contribution calculator.

Use the slider below to discover how a small monthly contribution to a tax-advantaged retirement account, like your IRA, can really add up versus a taxable account. When you find a comfortable amount for you, why not make life simple and automate your contributionLog In Required?

Monthly contribution

Minimum 0 Maximum 640

Investing account

FDIC-insured savings account

Chart is a hypothetical comparison. Investing involves risk of loss and performance is not guaranteed.

How this chart works

The hypothetical chart above illustrates the potential growth of an investment account assuming a 7% annual nominal investment growth rate vs a .45% National savings account deposit rate as of October 21, 2024. ^* This chart assumes estimated/average return rates stay constant over the course of the time horizon and that no withdrawals were taken. Taxes, fees, and inflation are not included. Unlike traditional FDIC savings accounts, investments accounts are subject to market risk and do not carry FDIC insurance to protect from loss.

Each type of account has its own unique set of potential benefits and limitations that you should consider before deciding what type is right for you.

Interact with the slider to increase or decrease the monthly contribution to discover how the money could grow in an investment account vs an FDIC savings account. The monthly contribution is how much you want to invest every month. In this chart it is set at $250, but you can move the slider from $0 to $580 to see how your contributions could grow over time. For example, a $250 monthly contribution in an investment account could grow to $304,993 in 30 years compared to $96,339 in a traditional savings account, using end of month compounding.

This example is for illustrative purposes only and does not represent the performance of any security. The assumed rate of return is not guaranteed. Investments that have potential for a 7% rate of return also come with risk of loss. Past performance does not guarantee future results.

^* FDIC: National Rates and Rate Caps

1079524.2.4

Hypothetical illustration: Starting early could make a difference. Jane saves $7,000 each year from age 25 to age 35, earning 7% per year on her investments. Her balance at age 65 is $787,756. Chris saves $7,000 each year from age 35 to age 65, also earning 7% per year on his investments. His balance at age 65 is $707,511. Even though Jane only contributed for 10 years, her savings grew more because she started earlier.

Details about this hypothetical illustration

The hypothetical illustration assumes a 7% nominal annual growth rate on investments. The constant $7,000 contribution is made at the beginning of each year starting at ages 25 and 35 respectively. The total balances for the two hypothetical portfolios are then compared as the assumed retirement age of 65. All accumulated retirement savings amounts are shown in future (nominal) dollars. The illustration does not take into account any taxes or fees. Your own account may earn more or less than this example and income taxes will be due when you withdraw from your account. Investing in this manner does not ensure a profit or guarantee against a loss in declining markets. Investments that have potential for a 7% annual rate of return also come with risk of loss.

1. Contribute

If you have a Fidelity IRA, you can contribute now.

Make a contributionLog In Required

2. Get invested

Contributing is only the first step. Learn about ways to potential growth.

Explore investment options

3. Make a habit

Automate your transactions so you never forget to contribute and invest.

Set a scheduleLog In Required

How can I make an IRA contribution?

You can contribute to your IRA directly through our transfer experienceLog In Required, or via our mobile app after login by navigating to the Transfer option under the Transact section in the app. Select the bank or brokerage account you’d like to transfer the money from, and then select the retirement account you’d like to contribute to.
What are the contribution limits for IRAs?

In 2024, the annual contribution limit for IRAs, including Roth and traditional IRAs, is $7,000. If you're age 50 or older, you can contribute an additional $1,000 annually.
Are there IRA contribution deadlines?

Yes, the deadline for 2024 contributions to Roth or traditional IRAs is April 15, 2025.
If I qualify to contribute to both a traditional IRA and a Roth IRA, are there tax implications I should consider?

Having a mix of both pretax and Roth contributions can help create additional flexibility in retirement to respond to a great unknown- future tax rates. For people who expect income in retirement to be as high or higher than their current level, others who expect their tax rate in retirement to be higher than today, or younger people who expect steady income growth over their careers, Roth IRA contributions may be the better choice. But if you believe that your tax rates will be lower in retirement than they are now, you may want to prioritize pretax vehicles like the Traditional IRA. Our IRA Contribution Calculator allows you to answer a few questions and find out which one might be right for you.
How do recurring investments work?

Automate your stock, mutual fund, ETF, or basket trades. Recurring investments can be paid from your Fidelity core (cash) position or from your linked bank account. You can set the amount, frequency, and timing of your recurring investments. If anything changes, you can easily modify or cancel your recurring investment.
What types of recurring transactions can I automate?

You can schedule recurring automatic deposits and withdrawals from your linked bank account to your Fidelity account. You can also schedule transfers between your Fidelity accounts. To set up and manage these recurring transfers, log in to Fidelity and go to Your scheduled transfersLog In Required.

*Married (filing separately) can use the limits for single individuals if they have not lived with their spouse in the past year.

Filing status	Modified adjusted gross income (MAGI)	Contribution limit
Single individuals	< $146,000	$7,000
	≥ $146,000 but < $161,000	Partial contribution (calculate)
	≥ $161,000	Not eligible
Married (filing joint returns)	< $230,000	$7,000
	≥ $230,000 but < $240,000	Partial contribution (calculate)
	≥ $240,000	Not eligible
Married (filing separately) ^*	Not eligible	$7,000
	< $10,000	Partial contribution (calculate)
	≥ $10,000	Not eligible

Filing Status	Modified adjusted gross income (MAGI)	Deduction Limit
Single individuals	≤ $77,000	Full deduction up to the amount of your contribution limit
	> $77,000 but < $87,000	Partial deduction (calculate)
	≥ $87,000	No deduction
Married (filing joint returns)	≤ $123,000	Full deduction up to the amount of your contribution limit
	> $123,000 but < $143,000	Partial deduction (calculate)
	≥ $143,000	No deduction
Married (filing separately)*
	< $10,000	Partial deduction
	≥ $10,000	No deduction

Filing Status	Modified adjusted gross income (MAGI)	Deduction Limit
Single, head of household, or qualifying widow(er)	any amount	A full deduction up to the amount of your contribution limit
Married filing jointly or separately with a spouse who is not covered by a plan at work	any amount	A full deduction up to the amount of your contribution limit
Married filing jointly with a spouse who is covered by a plan at work	$230,000 or less	A full deduction up to the amount of your contribution limit
	> $230,000 but < $240,000	A partial deduction (calculate)
	≥ $240,000 or more	No deduction
Married filing separately with a spouse who is covered by a plan at work
	< $10,000	Partial deduction
	≥ $10,000	No deduction

Contribute to your IRA

We make contributions easy

Small contributions add up—find the right amount for you

2024 contribution limit

Starting early could make a difference

Next steps

1. Contribute

2. Get invested

3. Make a habit

Frequently asked questions

Resources

3 reasons to contribute to an IRA

The snowball effect

How much should I save for retirement?

Investing ideas for your IRA

Roth IRA Contribution and Income Limits

Traditional IRA Deduction Limits

Mutual Funds and Mutual Fund Investing - Fidelity Investments

Contribute to your IRA

We make contributions easy

Small contributions add up—find the right amount for you

2024 contribution limit

Starting early could make a difference

Next steps

1. Contribute

2. Get invested

3. Make a habit

Frequently asked questions

Resources

3 reasons to contribute to an IRA

The snowball effect

How much should I save for retirement?

Investing ideas for your IRA