For 2021 there are no changes to the amount allowed to be saved in 401(k)s, 403(b)s, most 457 plans, and the federal government's Thrift Savings Plan. Investors can contribute up to $19,500 to those plans during the year. Additionally, the "catch-up" contribution limit for people age 50 and older remains unchanged in 2021 at $6,500, meaning people 50 and over can save a total of $26,000 in employer sponsored plans.
IRA Contribution Limits for 2021
Like employer sponsored retirement plans there was no change to the amounts that may be contributed to traditional or Roth IRAs in 2021. The limit on annual contributions to IRA account remains unchanged at $6,000. That's the same amount as it was for both 2019 and 2020. The additional IRA "catch-up" contribution for people 50 and over is not subject to an annual cost-of-living adjustment and stays at $1,000, too (for a total contribution limit of $7,000 for IRA savers age 50 and older).