How much can I contribute to a 401(k) and IRA?

In 2026, the standard contribution limit for a 401(k) is $24,500, while the limit for IRA contributions is $7,500. That means you can contribute up to $31,000 between a 401(k) and IRA, though if you earn less than that amount, you're limited to your earned income for the year. If you're 50 or older, you can make additional catch-up contributions to both a 401(k) and IRA.

Can you max out a 401(k) and IRA in the same year?

Yes, you can max out both a 401(k) and IRA in the same year, assuming you earned enough income to make the maximum contribution for each account.

Can I contribute to an IRA if I have a 401(k) at work?

Yes, you can contribute to an IRA if you have a 401(k) at work. However, you'll need to make sure your contributions don't exceed your earnings for the year. Also, if you or your spouse have access to a workplace retirement account, you may not be eligible to deduct your contributions to a traditional IRA.

Can I Contribute to an IRA and a 401(k)?

You can contribute to both an IRA and a 401(k), but there are limitations you need to know.

Key Points

You can contribute to both a 401(k) and IRA in the same year.
Whether your traditional IRA contribution is tax-deductible depends on your income and whether you or your spouse have access to a workplace retirement plan.
Both 401(k)s and IRAs have annual contribution limits, influenced by age and income levels.

A work 401(k) is a nice perk that can help you increase your retirement savings. But if you want to save beyond what your employer's plan allows, or if you want more control over your investment options, you might be wondering whether you can also contribute to an IRA.

The good news is yes, you can. There are some limitations to know about, though, particularly around whether your contributions will be tax-deductible.

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An infographic outlining the pros of contributing to both an employer-sponsored 401(k) and an IRA. — Image source: The Motley Fool.

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With a traditional IRA, there are specific income limitations for people who are eligible to participate in an employer's retirement plan.

For 2025, the income limits are:

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Data source: IRS.

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For 2026, the income limits are:

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Data source: IRS.

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Contributing to a 401(k) and IRA FAQs

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About the Author

Robin Hartill, CFP, is a contributing writer at The Motley Fool. Robin’s work has also been published by Yahoo Finance, USA Today, and Penny Hoarder. She is a graduate of the University of Florida.

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