401k Contribution Limits 2024 Over 60. 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. In this article, we’ll look at how to invest money for retirement and the 401 (k) contribution limits for 2023 and 2024.

The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. The amount individuals can contribute to their 401 (k) plans in 2024 has increased to $23,000, up from $22,500 for 2023, the irs announced.