I am 48, single, no kids. I am a health care professional. I feel that I'm generally a very good saver and a not so good budgeter - hence the credit card debt payoff I worked through in 2020.Not yet official, but here they are! Next year is my first year being eligible for catch-up contributions. I remember when 50 felt so very far off...now I'm almost there. It feels like it snuck up on me! It was hard to imagine being able to max out my retirement plans in my 20s yet here I am.
Projected 2027 Retirement Plan Limits
- 401(k), 403(b), and 457 plan employee deferrals: Projected at $25,500 (up from $24,500 in 2026).
- Defined contribution total limit (employee + employer): Projected at $75,000 (up from $72,000).
- Standard catch-up contribution (Ages 50+): Projected at $8,500 (up from $8,000).
- Special "super" catch-up (Ages 60–63): Projected at $11,750 (up from $11,250).
- Traditional and Roth IRA contributions: Projected to remain at $7,500 combined.
- IRA catch-up contribution (Ages 50+): Projected to remain at $1,100.
October 4th, 2026 at 07:05 pm 1791140706
October 6th, 2026 at 06:08 am 1791266916
October 17th, 2026 at 05:10 pm 1792257024
I can swing the $1k TSP increase & the IRA catch-up contributions. The $8.5k TSP catch-up contribution will hinge on whether I get that promotion to follow my recent new position. It should be a 2 step increase as I move to the next grade so I think it would almost cover it.