diff --git a/Makefile b/Makefile
index 2fa3a3b488..2270ec5c79 100644
--- a/Makefile
+++ b/Makefile
@@ -922,7 +922,7 @@ endif
 # the raw binary, but certain simulators only accept an ELF file (but don't
 # do the relocation).
 ifneq ($(CONFIG_STATIC_RELA),)
-# $(1) is u-boot ELF, $(2) is u-boot bin, $(3) is text base
+# $(2) is u-boot ELF, $(3) is u-boot bin, $(4) is text base
 quiet_cmd_static_rela = RELOC   $@
 cmd_static_rela = \
 	start=$$($(NM) $(2) | grep __rel_dyn_start | cut -f 1 -d ' '); \