PREPARING FOR THE RETIREMENT
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Saving For Retirement In Your 50s–60s

As retirement gets closer, the years leading up to it can become some of your most important saving years. Increasing contributions, taking advantage of catch-up provisions, and staying invested can help strengthen your financial readiness and support your long-term retirement goals.

THE TIME IS NOW

2026 contribution limit comparison

If you're age 50 or older, catch-up contributions allow you to save beyond the standard 401(k) contribution limit, providing an additional opportunity to build retirement savings before leaving the workforce.

$24,500 Maximum contribution for 2026
$8,000 Additional catch-up contribution for those age 50 or older
$32,500 Total contribution 1

1 IRS Notice 2025-67. Certain higher-income participants may be required to make catch-up contributions as Roth contributions. Consult your plan materials for details.