Maximize your retirement

Learn about IRS contribution limits and how small annual increases can help you reach your goals.

2025 IRS contribution limits¹

Contribution limits are determined by the Internal Revenue Service (IRS) each year. These amounts apply to each Plan, allowing you to contribute the maximum amount per Plan. The 2025 IRS contribution limits are detailed in the table below. Please note: if you have more than one plan, the maximum amount you can contribute to the combination of plans is $70,000 ($77,500 if age 50 or older).

Plan type	Standard	Age-based (50+) catch-up²	Special age-based (60-63) catch-up²	Traditional catch-up
457(b) Plan	$23,500	$7,500	$11,250	$23,500
401(k) Plan	$23,500	$7,500	$11,250	N/A
403(b) Plan	$23,500	$7,500	$11,250	$15,000 Lifetime
401(a) Plan	$70,000	N/A	N/A	N/A

457(b)

The normal contribution limit for elective deferrals to a 457 deferred compensation plan is $23,500. Employees age 50 or older may contribute up to an additional $7,500 for a total of $31,000. Employees taking advantage of the special pre-retirement catch-up may be eligible to contribute up to double the normal limit, for a total of $47,000.
401(k)

The annual elective deferral limit for 401(k) plan employee contributions is $23,500. Employees age 50 or older may contribute up to an additional $7,500 for a total of $31,000.

The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(A) is $70,000 ($77,500 if age 50 or older).

Note: if you are contributing to a 401(k) and a 403(b) the combined limit is $23,500.
403(b)

The annual elective deferral limit for 403(b) plan employee contributions is $23,500. Employees age 50 or older may contribute up to an additional $7,500 for a total of $31,000.

The total contribution limit for both employee and employer contributions to 403(b) defined contribution plans under section 415(c)(1)(A) is $70,000 ($77,500 if age 50 or older).

Note: if you are contributing to a 401(k) and a 403(b) the combined limit is $23,500.
401(a)

The total contribution limit for 401(a) defined contribution plans under section 415(c)(1)(A) is $70,000 for 2025. This includes both employer and employee contributions.

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What is age-based catch-up?

In a tax year when you are 50 or older and are actively employed, you can defer up to $7,500 over the normal deferral limit to your 457(b), 401(k) or 403(b).

What is special age-based (60-63) catch-up?

If you’re between 60 and 63 years old, you can make catch-up contributions the greater of $10,000 or 150% of the standard catch-up contribution at the time to your 457(b), 401(k) or 403(b). This new provision from The SECURE 2.0 Act of 2022 is effective January 1, 2025.

What is traditional catch-up

If you are within the three years prior to your plan’s Normal Retirement Age, you may be eligible to make a one-time election to defer additional money into your retirement plan.

What is the Saver's Tax Credit?

The Saver's Tax Credit is a non-refundable income tax credit that could reduce your federal income tax liability to $0. It rewards low and moderate income taxpayers who are working hard and need more help saving for retirement. If you qualify, it gives you a federal income tax credit on your federal income tax return – just for investing for retirement through your IRA, 403(b), 457 and/or 401 plan.

Not sure how much to contribute?

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Previous standard deferral IRS limits

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
$23,000	$22,500	$20,500	$19,500	$19,500	$19,000	$18,500	$18,000	$18,000	$18,000	$17,500

IRA

(The limits shown below are separate from the Plan limits)

2023 and 2024 IRA Traditional/Roth contribution limits³

Standard deferral

2024: $7,000
2023: $6,500

Age 50+ catch-up

2024: $8,000
2023: $7,500

How much should I contribute?

If your goal is to contribute the standard maximum deferral amount each year, you would need to contribute:

Pay frequency	Contribution	Contribution (50+)
Weekly (52 pays)	$135	$154
Bi-weekly (26 pays)	$269	$308
Semi-monthly (24 pays)	$292	$333
Monthly (12 pays)	$583	$667

Maximum deferral contribution examples

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[1] 401(k) and IRA limits increases for 2024

[2] This option may not be available for all plans. Please contact your plan administrator to confirm availability.

[3] Annual limit is the sum of both Traditional IRA and Roth IRA contributions or your taxable compensation for the year, whichever is lower

Plan documents indicate which catch-up options are available.