In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)
This is the amount you will put into your retirement plan each year until you begin 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 up to $30,500 a year, so it is possible to overstate your contributions. Your employer’s plan may set lower limits. The analyzer assumes contributions are made monthly.