How Much Can I Contribute To 401k 2024. 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. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.