401k 2024 Maximum. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. In 2024, it means setting aside $23,000 in savings, or $30,500 if you're 50 or older.

For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).