Here’s the 401(k) plan contribution limit for 2025 [Video]

If you’re ready to focus on retirement in 2025, early January could be the perfect time to boost your 401(k) plan contributions, financial experts say. 

More than half of American workers feel they are behind on retirement savings, according to a Bankrate survey that polled 2,445 U.S. adults in August.

But starting in 2025, your 401(k) plan has a higher contribution limit — and a special catch-up for older investors — that could help grow your nest egg.

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For 2025, you can defer $23,500 into your 401(k) plan, up from $23,000 in 2024. Investors age 50 and older can make catch-up contributions of $7,500 on top of the $23,500 limit.

Typically, it takes …