IRS Contribution Limits

Retirement Account Contribution Limits

How much you can contribute to a 401(k), IRA, or other retirement account each year, including catch-up limits for savers age 50 and older.

The IRS sets annual limits on how much you can contribute to each type of retirement account. These limits are adjusted periodically for inflation. Contributing up to the limit each year, when possible, is one of the most direct ways to maximize long-term savings growth.

Account type Standard limit Age 50+ catch-up Total age 50+
401(k) $24,500 $8,000 $32,500
401(k) ages 60-63* $24,500 $11,250 $35,750
Traditional IRA $7,500 $1,100 $8,600
Roth IRA $7,500 $1,100 $8,600
SIMPLE IRA $17,000 varies varies

*A higher catch-up contribution limit for ages 60-63 was introduced under SECURE 2.0. Roth IRA contributions are also subject to income eligibility limits. Limits are set by the IRS and subject to annual adjustment. Verify current figures at IRS.gov or consult a licensed financial professional.

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