Maximum 401k Contribution 2024 Over 60

Maximum 401k Contribution 2024 Over 60. 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. 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.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.