Neda Sarajane

401k Contribution Limits 2024 Age 55. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023,. Those 50 and older can contribute an additional $7,500.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.