401 K Contribution Limits 2024 Employer. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

Learn about the 2024 limits and other upcoming 401(k) changes. 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 increase from the $22,500 limit in 2023.