Self-Employed IRA Calculator

Calculate your retirement plan contributions as a self-employed individual.

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Self-Employed Retirement

Enter your net self-employment income to see contribution limits.

SEP IRA max contribution
$0
Solo 401(k): $0
SEP IRA
$0
Solo 401(k) employee deferral
$0
Solo 401(k) employer
$0
Solo 401(k) total
$0
SIMPLE IRA
$0
Tax savings (est. 24%)
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Net self-employment income ($)$100,000
AgeUnder 50
ResultValue
SEP IRA max contribution$25,000
SEP IRA$25,000
Solo 401(k) employee deferral$23,000
Solo 401(k) employer$25,000
Solo 401(k) total$48,000
SIMPLE IRA$16,000

Values shown are produced by this page in your browser; change any input to update them.

How to use the Self-Employed Retirement

  1. Net self-employment income ($) — default $100,000
  2. Age — default Under 50
  3. Press Calculate to update the results instantly.

Frequently asked questions

Up to 25% of net self-employment income, capped at $69,000 for 2024. On $100,000 of net income that is around $20,000.
The Solo 401(k) allows a bigger contribution at lower incomes because of the employee deferral, and it permits Roth contributions and loans.
A Solo 401(k) requires no employees other than a spouse. A SEP IRA can cover employees, but you must contribute for them at the same rate.

Sources & references