401k Contribution Limits 2024 Catch Up Total. For the 2017 plan year, she deferred $24,500 to the plan. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

Many employers offer matching contributions, giving you “free money” for retirement. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.