401 K Catch Up Contribution Limits 2024 Over 60 . Understanding 401(k) contribution limits is crucial for effective retirement planning because they dictate the maximum amount individuals can contribute annually. Use our calculator to estimate your future balance.
The limit for overall contributions—including the employer match—is 100%. 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.
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