IRS Contribution Limits

Understanding IRS contribution limits is important, especially when your goal is to contribute the maximum to your account. Even if you can’t do the max, consider increasing your contribution a little each year to potentially move closer to your retirement goals.

2021 Deferral Limits1

Standard 457(b) Deferral $19,500
Age 50+ Catch-up for 457(b) $6,500
Special 457(b) Catch-up up to $39,000

2020 Deferral Limits1

Standard Deferral $19,500
Age 50+ Catch-up $6,500
Special 457(b) Catch-up up to $39,000

The Age 50+ Catch-up provision allows people over age 50 to contribute more to their deferred compensation account. This provision automatically allows people to contribute more to their 457(b) account starting in the year they will turn 50.

Participants who have not contributed the maximum contribution limit in previous year, may contribute an additional amount equal to or less than the current year maximum (up to double the maximum) in the three years prior to their normal retirement age.

How much should I contribute?

If your goal is to contribute the standard 457(b) maximum, you would need to contribute $750 per biweekly paycheck ($19,500 for the calendar year).

To take advantage of the Age 50+ catch up, you could contribute up to $1,000 per biweekly paycheck ($26,000 for the year).

If you are eligible and wish to use the full Special 457(b) Catch-up provision, you could contribute up to $1,500 per biweekly paycheck ($39,000 for 2021).

Get the help you need

Talk with one of our Retirement Specialists for more information about planning for your retirement.


2 Annual limit is the sum of both IRA Traditional and IRA Roth Contributions or your taxable compensation for the year, whichever is lower

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NRW-2981CA-SG
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