401k Limits 2024 Over 50 Catch Up

401k Limits 2024 Over 50 Catch Up. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. In total, qualifying adults can save up to $30,500 per year.

Altogether, the most that can be contributed to your 401 (k) plan between both you and your employer is $69,000 in 2024, up from $66,000 in 2023. This ensures that the limits remain meaningful as the cost of living.