2024 Maximum 401k Contribution Over Age 50

2024 Maximum 401k Contribution Over Age 50. For 2024, you can contribute up to $69,000, or $76,500 if you're 50 or older. 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.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. In 2024, the 401 (k) contribution limit for participants is increasing to.