Older savers can now contribute more to 401(k)s as 2026 limits increase

Workers can now contribute up to $24,500 to their 401(k), 403(b), governmental 457(b) plans, and the federal government’s Thrift Savings Plan in 2026. This is a $1,000 increase over the previous year. People 50 and over who participate in these plans can contribute an additional $8,000. Workers aged 60 to 63 qualify for a "super catch-up" provision that allows for an extra $11,250. For high earners, a new rule requires those who made over $145,000 in FICA income last year to make their catch-up contributions using a Roth 401(k). These contributions must be made with after-tax dollars rather than pretax dollars. If an employer does not offer Roth options, a Roth IRA serves as an alternative.