401k 2024 Max Contribution. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Workplace retirement plan contribution limits for 2024.

For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.