401k Limits 2024 Total Contribution Limits

401k Limits 2024 Total Contribution Limits. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500. So people 50 and older can invest.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The contribution limit for simple 401k and simple ira plans is $16,000 in 2024.