2024 Contribution Limits 457. Make an additional contribution—up to a grand total of $45,000 for 2023 or up to $46,000 in 2024—if you're within three years of your normal retirement age. That compares with the $500 boost seen in 2024 over 2023.

For 401(k) plan holders, the limit has increased to $23,000 a year, up from $22,500 in 2023. Make an additional contribution—up to a grand total of $45,000 for 2023 or up to $46,000 in 2024—if you’re within three years of your normal retirement age.