However, the IRA contribution limit is much lower — $7,000 in 2025 ($8,000 if age 50 and older) — so if you max that out but want to continue saving, go back to your 401 (k).

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Contribution limit: $7,000 for 2025; catch-up of $1,000 for age 50 and over Deduction phase-out (if covered by a workplace plan): Single/head of household: MAGI between $79,000 and $89,000 Married ...

The limit on combined employee and employer contributions is $70,000, up from $69,000 in 2024. The catch-up contribution for employees 50 and older who contribute to a SIMPLE IRA remains $3,500.

As mentioned above, the Roth IRA contribution limit is $7,000 (or $8,000 if you're older than 50), which works out to be around $583 a month.

Contributions begin phasing out above these amounts, and you can't put any money into a Roth IRA once your income reaches $165,000 if you are a single filer or $246,000 if married and filing jointly.