Comprehensive Financial Solutions, Inc.

440-343-4223

Discover how 401(k) catch-up contributions, like the new "super catch-up" for ages 60-63, can significantly boost your retirement savings. See the potential difference these contributions could make by age 67.

Your Information

$
$0$10M
%

2026 Contribution Limits

Standard Contribution Limit$24,500
50+ Catch-Up Limit+$8,000
60-63 "Super Catch-Up" Limit+$11,250

Your Catch-Up Benefit

With both regular catch-up contributions and 60-63 catch-up contributions between ages 60-67

Additional Savings by Age 67
$0
Additional Monthly Income Over 30-Year Retirement$0

Projected Balance at Age 67

Regular Contributions Only$24,500/year
$0
With 50+ Catch-Up$32,500/year
$0
With Super Catch-Up (60-63)$35,750/year ages 60-63, then $32,500/year
$0

Growth Comparison

This is the additional amount you could accumulate by age 67 if you take full advantage of catch-up contributions, including the enhanced "super catch-up" for ages 60-63. This could provide approximately $0 in additional monthly retirement income.

Once you reach age 73, you must begin taking required minimum distributions (RMDs) from your 401(k) or any other defined contribution plan in most circumstances. Withdrawals are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

 

Related Content

Understanding Extended Care

Understanding Extended Care

Understanding the types of extended care services—and what those services could cost—may be critical.

Encore Careers: Push Your Boundaries

Encore Careers: Push Your Boundaries

Ready for retirement? Find out why many are considering encore careers and push your boundaries into something more, here.

Dreaming Up an Active Retirement

Dreaming Up an Active Retirement

When you retire, how will you treat your next chapter?

 

Have A Question About This Topic?







Thank you! Oops!

How to Read Your Credit Report

Solve a mystery while learning how important your credit report is with this story-driven interactive.

Understanding Qualified Charitable Distributions

Use this handy, informative article to help your clients understand Qualified Charitable Distributions (QCDs).

Understanding Homeowners Insurance

Purchasing homeowners insurance is critical for protecting your home.

View all articles

Long-Term-Care Needs

Estimate potential long-term care costs and what coverage may help address them.

What Rate Would I Need to Earn on My Savings?

Work backwards from your savings goal to find the rate of return you'd need to get there.

The Power of 401k Catch-Ups

See how catch-up contributions after age 50 could significantly boost your retirement balance.

View all calculators

Forecast

This short video helps explain why markets can be as unpredictable as the weather.

Jane Bond: Infiltrating the Market

Agent Jane Bond is on the case, cracking the code on bonds.

The Real Cost of a Vacation Home

What if instead of buying that vacation home, you invested the money?

View all videos