401k Max 2024 Catch Up Contribution. In that case, by age 66, assuming you average a 7% annual return on your investments, you’ll have approximately $1,083,174. The 401 (k) compensation limit is $345,000.
You can contribute to more than one 401 (k). For 2024, the contribution limit increases again to $23,000.
401 (K) Contribution Limits 2024:
For 2024, the contribution limit increases again to $23,000.
For 2024, The Employee Contribution Limit For 401 (K) Plans Is $23,000, Up From $22,500 In 2023.
This amount is an increase of $500 from the 2023 401 (k).
That Limit Also Applies To 457, 403 (B) And The Federal Government’s Thrift.
Images References :
$19,000 In 2019) Or The Adp Test Limit Of Section 401 (K) (3) Or The Plan Limit (If Any).
For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
$19,500 In 2020 And 2021;
In 2024, employers and employees together can contribute up to $69,000,.
