2022 Retirement Contribution Limits

In 2022 the maximum contribution to 401k and 403b plans is $20,500. Catch up contributions of up to $6,500 are allowed for those who are age 50 and above. For traditional and Roth IRAs, the maximum contribution is $6,000 with catch up contributions of $1,000 allowed. The maximum contribution for SIMPLE IRAs is $14,000 with catch up contributions of $3,000.