2024 401k Contribution Limit Age 50

2024 401k Contribution Limit Age 50. This amount is up modestly from 2023, when the individual. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Learn about the 2024 contribution limits for different retirement savings plans. Employees age 50 and older are subject to a higher contribution limit with either type of contribution.