The IRS has announced the 401(k) contribution limit will increase to $24,000 for 2027 (up from $23,500 in 2026), with the catch-up contribution for workers 50+ rising to $8,500.
2027 Retirement Limits
- 401(k)/403(b): $24,000
- Catch-up (50+): $8,500
- IRA: $7,500
- IRA catch-up (50+): $1,500
- Total 401(k) with employer match: $70,000
How to Max Out
To contribute $24,000 over 26 pay periods, you need to save $923 per paycheck. Automating contributions at the start of the year and gradually increasing your rate by 1% each quarter makes the goal achievable even on moderate incomes.
