diff --git a/src/re_bytes.rs b/src/re_bytes.rs
index d71969257..07e9f98ac 100644
--- a/src/re_bytes.rs
+++ b/src/re_bytes.rs
@@ -496,12 +496,12 @@ impl Regex {
             let mut new = Vec::with_capacity(text.len());
             let mut last_match = 0;
             for (i, m) in it {
-                if limit > 0 && i >= limit {
-                    break;
-                }
                 new.extend_from_slice(&text[last_match..m.start()]);
                 new.extend_from_slice(&rep);
                 last_match = m.end();
+                if limit > 0 && i >= limit - 1 {
+                    break;
+                }
             }
             new.extend_from_slice(&text[last_match..]);
             return Cow::Owned(new);
@@ -516,14 +516,14 @@ impl Regex {
         let mut new = Vec::with_capacity(text.len());
         let mut last_match = 0;
         for (i, cap) in it {
-            if limit > 0 && i >= limit {
-                break;
-            }
             // unwrap on 0 is OK because captures only reports matches
             let m = cap.get(0).unwrap();
             new.extend_from_slice(&text[last_match..m.start()]);
             rep.replace_append(&cap, &mut new);
             last_match = m.end();
+            if limit > 0 && i >= limit - 1 {
+                break;
+            }
         }
         new.extend_from_slice(&text[last_match..]);
         Cow::Owned(new)
diff --git a/src/re_unicode.rs b/src/re_unicode.rs
index 60d81a7d9..197510ea0 100644
--- a/src/re_unicode.rs
+++ b/src/re_unicode.rs
@@ -554,12 +554,12 @@ impl Regex {
             let mut new = String::with_capacity(text.len());
             let mut last_match = 0;
             for (i, m) in it {
-                if limit > 0 && i >= limit {
-                    break;
-                }
                 new.push_str(&text[last_match..m.start()]);
                 new.push_str(&rep);
                 last_match = m.end();
+                if limit > 0 && i >= limit - 1 {
+                    break;
+                }
             }
             new.push_str(&text[last_match..]);
             return Cow::Owned(new);
@@ -574,14 +574,14 @@ impl Regex {
         let mut new = String::with_capacity(text.len());
         let mut last_match = 0;
         for (i, cap) in it {
-            if limit > 0 && i >= limit {
-                break;
-            }
             // unwrap on 0 is OK because captures only reports matches
             let m = cap.get(0).unwrap();
             new.push_str(&text[last_match..m.start()]);
             rep.replace_append(&cap, &mut new);
             last_match = m.end();
+            if limit > 0 && i >= limit - 1 {
+                break;
+            }
         }
         new.push_str(&text[last_match..]);
         Cow::Owned(new)
diff --git a/tests/replace.rs b/tests/replace.rs
index 1dc610635..d65be072f 100644
--- a/tests/replace.rs
+++ b/tests/replace.rs
@@ -228,3 +228,21 @@ replace!(
     bytes!(&std::borrow::Cow::<'_, [u8]>::Owned(vec![b'Z'])),
     "age: Z6"
 );
+
+#[test]
+fn replacen_no_captures() {
+    let re = regex!(r"[0-9]");
+    assert_eq!(
+        re.replacen(text!("age: 1234"), 2, t!("Z")),
+        text!("age: ZZ34")
+    );
+}
+
+#[test]
+fn replacen_with_captures() {
+    let re = regex!(r"([0-9])");
+    assert_eq!(
+        re.replacen(text!("age: 1234"), 2, t!("${1}Z")),
+        text!("age: 1Z2Z34")
+    );
+}