SEP IRA Calculator

How much can I contribute into a SEP IRA?

Use the interactive calculator to calculate your maximum annual retirement contribution based on your income. Simply enter your name, age and income and click "Calculate."

The result will be a comparison showing the annual retirement contribution that would be permitted based on your income in a SEP IRA, Individual 401k, Defined Benefit Plan or SIMPLE IRA. When inputting your annual income, use NET income if you are taxed as a sole proprietorship or W-2 wages if you are incorporated.

In 2021 can I contribute more to a different retirement plan than the $58,000 SEP IRA contribution limit?

Maybe. Consider a defined benefit plan as an alternative to a SEP IRA if you would like to contribute more than the 2021 SEP IRA limit of $58,000. Contributions to a defined benefit plan are dependent on an individual’s age and income, but can potentially be $60,000 to $200,000 or more a year. We provide more information about them on our website www.definedbenefitplan.com.

Name
Yearly Income
Age     Year 
Business Type
Sole proprietorship, partnership (or LLC taxed as a sole proprietorship)
S corporation, C corporation (or LLC taxed as a corporation)
  

Need Help or Advice?

Eric Kuniholm, CPWA®
Certified Private Wealth Advisor®
Beacon Capital Management Advisors
President

If you would like to receive a free defined benefit plan proposal or have questions and need advice contact us. Beacon Capital Management Advisors is registered in all 50 States and is an Accredited Business of the Better Business Bureau since 2004. FINRA’s BrokerCheck.

Contact Eric Kuniholm