If you max out your 401k for 20 years, you could potentially save around 1 million, depending on your contributions and investment returns.
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
Assuming you're referring to the pre-tax contribution for a 401k .... the max in 2010 is $16,500.
The MAX amount you can draw is 300k.
16500 Looks like the IRS just released the 401k max contributions for next year. Unfortunately they're staying the same at $16,500. Inflation is to blame, or rather lack thereof. Which is too bad for all us prodigious savers!
The max yearly contribution you can make to your Roth IRA (or any IRA) is $5,000 a year if you are under sixty years old, of $6,000 a year if you are over sixty years old.
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
Assuming you're referring to the pre-tax contribution for a 401k .... the max in 2010 is $16,500.
The MAX amount you can draw is 300k.
Roth IRA contributions are not affected by 401k contributions in any way. The max contribution for 2008 was $5000 ($6000 if age 50 or above). This is of course assuming you fall within income requirements for a Roth IRA.
The Max
He got 75 years
It's called "The Max"
Saved by the Bell - 1989 Save the Max 2-3 was released on: USA: 22 September 1990
Saved by the Bell - 1989 Save the Max 2-3 is rated/received certificates of: USA:TV-G
Saved by the Bell - 1989 Dancing to the Max 1-1 was released on: USA: 20 August 1989
Saved by the Bell - 1989 Dancing to the Max 1-1 is rated/received certificates of: Australia:G USA:TV-G
Saved by the Bell The New Class - 1993 Running the Max 1-13 is rated/received certificates of: USA:TV-G