Retirement plan contribution limits for 2024

  Regular contribution Catch-up contribution1
Traditional and Roth IRAs $7,000 $1,000
401(k)s, 403(b)s,
457s and SARSEPs2		 $23,000 $7,500
SIMPLEs $16,000 $3,500

Retirement plan contribution limits for 2023

  Regular contribution Catch-up contribution1
Traditional and Roth IRAs $6,500 $1,000
401(k)s, 403(b)s,
457s and SARSEPs2		 $22,500 $7,500
SIMPLEs $15,500 $3,500

1 For taxpayers age 50 or older by the end of the tax year.

2 Includes Roth versions where applicable.

Note: Other factors may further limit your maximum contribution.