How much should you be contributing to your 401k

The 401(k) contribution limit is $20,500 in 2022. Workers age 50 and older can contribute an additional $6,500 in 2022. Qualifying for a 401(k) …

If you turn 50 on or before Dec. 31, 2021, for example, you can contribute an additional $6,500 above the $19,500 401(k) contribution limit for the year for a total of $26,000 including catch-ups.

How Much Should You Contribute to Your 401(k)?

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Most retirement experts recommend you contribute 10% to 15% of your income toward your 401(k) each year. The most you can contribute in 2021 is $19,500 or $26,000 if you are 50 or older.

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401K: How Much To Contribute? (For Beginners) Video Answer

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