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Annual Contribution Limits: How Much Can I Save?

It's important to save as much as you can for retirement.

When it comes to planning for a secure retirement, you should try to contribute as much as you possibly can. It’s important to note, however, that the IRS limits how much you can contribute to your retirement plan each year, and that amount is subject to change on an annual basis.

2021 Contribution Limits
In 2021, you can save up to $19,500 of your own money in your company-sponsored retirement plan (such as 401(k), 403(b) and 457 plans).*

50 or Over? You May be Able to Save Even More
If you have reached the age of 50, you can set aside an additional $6,500 for retirement with “catch-up” contributions. That means you have the opportunity to save as much as $26,000 for retirement in 2021**—that’s a significant amount of savings even if you only plan on working a few more years.

Take Action Today
Now is the perfect time to make sure your savings are on target. Log in to your account and review your current savings rate, and consider increasing your savings today. If you’re not sure if you need to save more, try our Retirement Income Calculator, a tool that lets you model different scenarios based on your specific circumstances. If you have questions, your Retirement Specialist is here to help. Just call 1-800-854-0647.


* Total combined Traditional and Roth savings may not exceed $19,500 in 2021.
**457 Plan participants taking advantage of pre-retirement catch-up contributions may be eligible to contribute up to double the normal limit, for a total of $39,000 in 2021, subject to plan provisions.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries, employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to see advice from their own tax or legal counsel.

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