What Are The Contribution & Income Limits For 401(k)s In 2019?

Sep 19 · 1 min read

Key Takeaway: In 2019, employees under the age of 50 can add up to $19,000 to their 401(k)s. People 50 and older can add up to $25,000. Employers can add money to your 401(k) as well. If your employer is adding to your 401(k), there’s a combined limit of $56,000 per year ($62,000 if you’re 50 or older).

What Are The Contribution Limits For 401(k)s In 2019?

No matter which type of 401(k) you choose (Traditional or Roth), you will be limited to how much money you can add to your account during the year. As of 2019, the 401(k) contribution limits are:

  • People under the age of 50: $19,000
  • People 50 or older: $25,000

If you happen to have multiple 401(k)s, you can contribute to all of your accounts in the same year, as long as you keep your total contributions under those limits.

Employer Contributions

If your employer is adding money to your 401(k) plan, you don’t have to worry about it counting towards your personal contribution limit. If your employer is adding to your 401(k), there’s a combined limit of $56,000 per year if you’re under the age of 50 or $62,000 if you’re older.