2024 Retirement Plan Contribution Limits for some of the most common types of accounts
There are many different types of retirement accounts, all with different limits, so we have put together a list of the limits
IRA
- $7,000 limit
- $8,000 limit for 50 or older
Simple IRA
- $16,000 limit
- $19,500 limit for 50 or older
401(k)
- $23,000 limit
- $30,500 limit for 50 or older
Roth IRA
- $7,000 limit
- $8,000 limit for 50 or older
SEP IRA
- Lesser of 25% compensation or $69,000 limit
- Same limit for 50 or older
403(b)
- $23,000 limit
- $30,500 limit for 50 or older