401 K Contribution Limit 2024

401 K Contribution Limit 2024. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. You can invest up to $23,000 in 401(k) plans in 2024, and anyone age 50 or older can put in an extra $7,500.