Total 401k Contribution Limit 2024 Over 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. This amount is up modestly from 2023, when the individual.
If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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