Roth Ira 2024 Contribution Limit Over 50 . The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. Next year, the roth ira contribution limit for savers under 50 will jump to $7,000, up from $6,500 in 2023.
At $7,000 annually, it would take you over 142 years to reach $1 million. The big difference between a roth ira and its traditional counterpart is linked to.
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