Someone in Generation X who is 59 in July but turns 60 in September 2025 could contribute up to the maximum of $34,750 in a ...

401(k) contribution percentage: 10%. Many experts suggest saving between 10% and 15% of your income for retirement. We use 10%, which may be more attainable for many workers.

(k) contribution limits rise to $34,750 in 2025 for workers aged 60–63. Learn how Gen X and Boomers can benefit via IRS.

In 2024, the number of Fidelity-managed 401(k) accounts with seven-figure balances grew to 537,000, a 27% increase from the year before, according to data shared with CNBC Make It. Fidelity is one ...

A required minimum distribution (RMD) is the minimum amount of money you must withdraw from your retirement plans annually ...

Contributing to a 401(k) is one of the best ways to save for retirement, and this type of account has several distinct ...

For the retirement calculator, we define a comfortable retirement as living on 70% of your pre-retirement income. However, the calculator is customizable. If you're able, incorporate as many ...

Maxing out your 401(k) has never been so challenging. In 2025, those under 50 would have to set aside $23,500 to pull it off. Those 50 to 59 and 64 and up are allowed to contribute up to $31,000.

While the official IRS announcement will come later this year, the contribution limit for retirement accounts will likely increase from $23,500 to $24,500 in 2026, according to a new Milliman report.

Make pretax contributions to a 401(k), 403(b), 457 or Thrift Savings Plan The deadline to contribute to these pretax plans is December 31, 2025, for the 2025 tax year.

If the calculator doesn't work for you, try it here.. If you don't have access to a 401(k)-type account through your job, there are other ways to start saving for retirement: ...