How much is too much in 401k?
How much is too much in 401k? For 2021, the maximum allowed contribution to a 401(k) is $19,500 per year (rising to $20,500 per year in 2022). 2 The combined amount contributed by employer and employee is $58,000 for 2021 ($61,000 for 2022). 3 If you are age 50 or older, you can make catch-up contributions of an additional $6,500 per year.
For 2021, the maximum allowed contribution to a 401(k) is $19,500 per year (rising to $20,500 per year in 2022). 2 The combined amount contributed by employer and employee is $58,000 for 2021 ($61,000 for 2022). 3 If you are age 50 or older, you can make catch-up contributions of an additional $6,500 per year.