Max 401k Catch Up Contribution 2024. If you're trying to catch up on retirement savings, the high contribution limits make it possible. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 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. Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401 (k) accounts, bringing their total contribution limit to $30,500.