401k Catch-Up 2024 . In 2023, this rises to $22,500. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. More than half gen xers, or 55%, wish they saved more for retirement, according to a recent report from the allianz life insurance company of north america.
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