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401(k) Contribution Limits 2019

The 401(k) contribution limit increased in 2019, to $19,000. Those 50 or older can contribute up to $25,000.
Feb. 27, 2018
401(k), Investing, Retirement Planning
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Because 401(k)s are tax-advantaged, they have a maximum annual contribution limit set by the IRS each year. That limit was increased by $500 in 2019.

401(k) contribution limits for 2019

Age2019 401(k) contribution limit
Under 50 $19,000
50 or older$25,000

Note that the amounts above are the “elective deferral limit” — the amount you, as an employee, are allowed to contribute out of your salary each year. Employer matching dollars do not count toward that limit.

» Planning to max out? Continue saving for retirement in an IRA

The 401(k) also has a total contribution limit, which includes the money you contribute and any employer matching dollars. In 2019, your total 401(k) contributions — from yourself and your employer — cannot exceed $56,000 or 100% of your compensation, whichever is less. That limit rises to $62,000 for those 50 or older.

 

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