401K and IRA Contribution Limits for 2026
Originally published: February 2, 2023
Updated: June 24, 2026
It may be time to up your 401(k) contributions. Each year the IRS reviews contribution limits and adjusts them for inflation.
Cost of living adjustments have brought the 2026 limit to $24,500 (up from $23,500 in 2025) for individual contributions to retirement accounts including 401(k)s, 403(b)s, most 457 plans and Thrift Savings Plans.
Individuals 50 and older can contribute an additional $8,000, bringing the total to $32,500.
New in 2025–2026: “Super Catch-Up” Contributions for Ages 60–63
Thanks to SECURE Act 2.0, workers aged 60–63 are eligible for a higher “super catch-up” contribution limit beginning in 2025. For 2026, those ages 60–63 can contribute up to $11,250 in catch-up contributions, bringing their total 401(k) contribution limit to $35,750. This is a significant planning opportunity for workers in their early 60s looking to accelerate retirement savings in the final years before retirement.
IRA Contribution Limits
Taxpayers who contribute to individual retirement accounts (IRAs) can put away up to $7,500, plus $1,100 in catch-up contributions for those 50 and older.
Roth IRA Income Limits for 2026
Income limits for Roth IRA contributions have been updated. The income phase-out range for Roth IRAs is:
- Single filers: $153,000–$168,000
- Married filing jointly: $242,000–$252,000
- Married filing separately: phase-out range remains at $0 to $10,000
SIMPLE IRA Contribution Limits
Individuals can contribute up to $17,000 to SIMPLE accounts (savings incentive match plan for employees). Ages 60–63 super catch-up also applies to SIMPLE IRAs, with a higher limit of $5,250.
How Summerlin Benefits Consulting Can Help
If you’d like to discuss how Summerlin Benefits Consulting can assist you with new options designed for safety, to help you secure your principal and future contributions into your retirement plans, feel free to reach out for a no obligation meeting.
Note: This content is for informational purposes only and does not constitute tax or legal advice. Summerlin Benefits Consulting does not provide social security, specific advice related to taxes, or legal advice. Consult a tax/legal professional for guidance with your individual situation.
Frequently Asked Questions
Q: What are the 2026 401(k) and IRA contribution limits?
A: For 2026, the 401(k) employee contribution limit is $24,500, with a catch-up of $8,000 for those 50+ (total $32,500). Workers ages 60–63 qualify for a higher “super catch-up” of $11,250, bringing their total to $35,750. The IRA limit is $7,500, with a $1,100 additional catch-up for those 50 and older.
Q: What is the new super catch-up contribution for people ages 60–63?
A: SECURE Act 2.0 created a “super catch-up” contribution for workers ages 60–63, effective 2025. Instead of the standard $8,000 catch-up for 2026, eligible workers in this age range can contribute up to $11,250 in additional 401(k) contributions — giving them a total limit significantly higher than other age groups. It’s one of the most significant retirement savings opportunities in decades.
Q: Can I contribute to both a 401(k) and an IRA in the same year?
A: Yes — you can contribute to both a 401(k) and an IRA in the same year, as long as you meet income requirements. The limits are separate: you can max out your 401(k) ($24,500) and still contribute to a traditional or Roth IRA ($7,500), subject to Roth IRA income phase-out rules. Contributing to both is one of the best ways to maximize tax-advantaged savings.
