Total Retirement Contribution Limits 2024 2024. The maximum contribution limit on elective salary deferrals will increase from $22,500 to $23,000. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

$7,000 ($8,000 if you’re age 50 or older), or if. Contribution limits for 401(k), 403(b), and most 457 plans, as well as the federal government’s thrift savings plan will also increase by $500 for 2024.