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Traditional IRA

Personal Maximum Contribution limit is:
2020: $6000 ($7000 if age >= 50 years)

ROTH IRA

Personal Maximum Contribution limit is:
2020: $6000 ($7000 if age >= 50 years)

401k

Employer Sponsored
401K Maximum Contribution Limit:$19,500 ($26,000 if age >= 50 years)

Trad IRA vs 401k vs ROTH IRA | 401K vs Trad IRA | 401K vs Roth 401K | Roth IRA vs Trad IRA | Deductible IRA vs Non-Deductible IRA

* 2020: $6000 ($7000 if age >= 50 years)
* 2019: $6000 ($7000 if age >= 50 years)

* 2018: $5,500 ($6500 if age >= 50 years)
* 2017: $5,500 ($6500 if age >= 50 years)

You can contribute to both a Roth IRA and a traditional IRA, but the combined annual limit is still same as above.