2024 401k Contribution Maximum Amount. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). 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.
You contribute $23,000โthe maximum amount youโre allowed to put into your 401(k) in 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.