Having $722,000 at least by age 60 doesn't sound too shabby to me. The numbers don't take into account any positive returns or employer match either. If we do take into account reasonable market returns, you could have about $2,500,000 in your 401k by age 60. Given the stock marke...
For participants ages 50 and over, the additional “catch-up” contribution limit will rise to $6,500, up by $500. Curiously, the limit on annual contributions to an IRA remains unchanged at $6,000. The additional catch-up contribution limit to an IRA for individuals age 50 and over rem...