401(k) Contribution

How Much Can You Afford to Contribute?

Participating in a traditional 401(k) plan doesn't have to take a big bite out of your take-home pay -- and it can cut down on your tax bill.

To see how establishing or increasing your contribution will affect your income tax and take-home pay, just answer the following questions, then click Submit.

---

What is your current gross pay each pay period?

$

---

What is your current age?

14 35 56 78 99 Value:

---

How often are you paid?

Weekly Bi-Weekly Semi-monthly Monthly Annually

---

What percentage of your paycheck would you like to contribute to your traditional 401(k) plan?

0 25 50 75 100 Value:  %

---

Does your employer offer a matching contribution? If so, enter the appropriate percentage of match for your desired level of contribution. For example, if your employer offers a two-tiered program with a 100% match on contributions of up to 3% plus a 50% match on contribution amounts over 3% up to a maximum of 6%, enter 100% on 3% as the 1st Tier and 50% on 3% as the 2nd Tier.

Employer matches: % % on the first % % on the next % % on the next % % on the next

---

What is your federal income tax rate?

10% 12% 22% 24% 32% 35% 37%

---

If your income is subject to state taxes, enter your state income tax rate.

%

---

Submit    Reset

For 2025, the maximum you can generally contribute to your 401(k) is $23,500 if you are under age 50. If you are age 50 to 60, or 64 and above, you can contribute up to $31,000, and if you are age 60 to 63, you can contribute up to $34,750 in 2025. Your employer may impose lower or plan-specific maximums.

Source: IRS, 2025 tax rate schedules.

Married, filing jointly	Head of Household	Single filers	Tax Rate
$0 - $23,850	$0 - $17,000	$0 - $11,925	10%
$23,851 - $96,950	$17,001 - $64,850	$11,926 - $48,475	12%
$96,951 - $206,700	$65,851 - $103,350	$48,476 - $103,350	22%
$206,701 - $394,600	$103,351 - $197,300	$103,351 - $197,300	24%
$394,601 - $501,050	$197,301 - $250,500	$197,301 - $250,525	32%
$501,051 - $751,600	$250,501 - $626,350	$250,526 - $626,350	35%
More than $751,600	More than $626,350	More than $626,350	37%

If the IRA holder turns 73 this year, he or she can defer the first distribution until April 1 of the next year. If the holder is older, he or she would normally be required to take an RMD before December 31 of this year. RMDs are considered taxable income for the year in which they are taken.

Your total contribution in 2025, including employer contributions, cannot exceed $70,000 if you are under age 50, $77,500 if you are age 50 to 60 or 64 or older, and $81,250 if you are age 60 to 63 for 401(k) and 403(b) plans. For 457(b) plans, it cannot exceed $23,500, $31,000 and $34,750 for the three respective age groups. Your employer may impose lower or plan-specific maximums.