Max 401 K Contribution 2024. The limit on employer and employee contributions is. Retirement savings benefits, max contributions individuals can contribute up to $23,000 total into their traditional or roth.

In 2024, it means setting aside $23,000 in savings, or $30,500 if you’re 50 or older. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.