Maximum Contributions to Retirement Plans

Maximum Contributions to Retirement Plans – 2017
Type of Plan Up to Age 50 Age 50+
IRA (regular and Roth) $5,500 $6,500
401(k) (not including elective deferral – $17,000) $18,000 $24,000
SIMPLE IRA $12,500 $15,500
SEP IRA $54,000 $54,000