Contributing to Your IRA

You know it's important to save. Contributing to your IRA will help you make progress toward your retirement goals.

Once you've opened an IRA, the next step is to fund it. If you have earned income for the current taxable year, you are eligible to make contributions up to the current annual limit amount. The more you can contribute to your IRA, the more you can potentially benefit from tax-advantaged growth and the more progress you can make toward your retirement savings goals.

Contributing to an IRA has never been easier. Fidelity offers you four different ways to contribute to your existing IRA:

  1. Contribute to an IRA online1Log In Required
    Set aside money anytime day or night—before you have a chance to spend it.
  2. Automate your IRA contributionsLog In Required
    It’s an easy way to make sure you invest on a regular basis. Set up monthly, automated contributions to save more while keeping it off of your to-do list.
  3. Contribute using your mobile device
    Use the Fidelity Mobile® app to contribute to a Traditional or Roth IRA for ease and convenience—no stamps, no lines, no waiting.
  4. Mail a check to Fidelity 
    Print and complete an IRA deposit slip (PDF), and mail it along with your check to the Fidelity address on the form.

Make regular contributions to your IRA

By trying to contribute the maximum amount every year to your IRA, you're giving more of your money more time for potential growth. For example, one $5,500 contribution made today could be worth over $58,721 by the time you retire.2

If contributing to the maximum isn’t possible, investing even smaller amounts today could still add up to sizable retirement savings tomorrow.

For savers 50 and older

Investors age 50 or older can contribute an additional $1,000. This extra amount, called a "catch-up" contribution, is a great way to boost savings when retirement is around the corner.

Over a span of 20 years, investors who make the maximum catch-up contribution could have almost $44,000 more in their IRAs than investors who didn’t take advantage of catch-up contributions.3

Next steps

Open a Fidelity IRA
Opening an account is easy.

Choosing investments for your IRA 
Get help choosing from Fidelity's wide range of investment options.