401k Annual Limit 2024

401k Annual Limit 2024. If you participate in a 401(k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. For tax year 2025, employees can contribute up to $23,500.

The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.