Annual Retirement Plan Contribution

This is the amount your client will put into his or her retirement plan each year until he or she begins taking withdrawals.

The IRS contribution limit is $23,000 for 2024, or $30,500 for investors 50 and older. Limits apply to traditional and Roth contributions combined.

IRS limits are adjusted for inflation in $500 increments. This analyzer allows contributions of up to $30,500 a year, so it is possible to overstate contributions. Your client’s plan may set lower limits. The analyzer assumes contributions are made monthly.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Although target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met.

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This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.