401k Max Contribution 20245. In 2023, this rises to $22,500. This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older.
Increase your contribution by one percentage point, to 6 percent, and you’d be saving $115 a month, but your paycheck would fall by $98. That comes out to a monthly contribution of $2,542 per month.
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