Ira Limits 2024 Contribution Over 55. retirement savers age 50 and older can chip in an extra. The 2025 401 (k) contribution limit increased to $23,500, up from $23,000 in.

For both traditional and roth iras, you can contribute up to $7,000 for 2025, the same amount as in 2024. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.