When can I make catch-up contributions?

You can start making catch-up contributions in the year you turn 50. This applies to 401(k), 403(b), IRA, and other retirement accounts.

Are catch-up contributions worth it?

Absolutely. Even 10-15 years of catch-up contributions can add $100,000-$200,000+ to your retirement savings, providing an extra $4,000-$8,000 per year in retirement.

Do employers match catch-up contributions?

Employer match rules vary by plan. Some employers match catch-up contributions and some do not. Check your plan documents.

Free Catch-Up Contribution Calculator

Calculate the retirement savings impact of making catch-up contributions for those age 50 and older.

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Current Age

years

Retirement Age

years

401(k) Catch-Up/Year

USD

IRA Catch-Up/Year

USD

Expected Return

Extra at Retirement

$179,443

Total Extra Contributed$110,500

Growth on Catch-Ups$68,943

Extra at Retirement vs Current Age

View formula & how it works →

Catch-Up Contributions

Workers aged 50+ can contribute beyond regular limits.

2024 Catch-Up Limits

AccountRegular LimitCatch-UpTotal 401(k)$23,000$7,500$30,500 IRA$7,000$1,000$8,000

For ages 60-63, SECURE 2.0 allows an even higher 401(k) catch-up of $11,250 starting in 2025.

Example Calculation

Age 52, retire at 65, $7,500 401(k) + $1,000 IRA catch-up, 7% return.

01Years = 65 - 52 = 13
02Annual catch-up = $7,500 + $1,000 = $8,500
03Total contributed = $8,500 x 13 = $110,500
04With 7% growth = ~$177,000
05Growth on catch-ups = ~$66,500

Frequently Asked Questions

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Free Catch-Up Contribution Calculator

Catch-Up Contributions

2024 Catch-Up Limits

Example Calculation

Frequently Asked Questions

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