Maximum 401k Contribution 2024 Per Person. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. Plan participants can contribute up to $23,000 for 2024, which is up.
The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.