401k Contribution 2024 Limit Over 55. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The contribution limits for individual retirement accounts (iras).

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. The contribution limits for individual retirement accounts (iras).