2024 Maximum 401k Contribution Limits Over 50. This means that your total 401 (k) contribution limit for 2024 is $30,500. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Participants who are 50+ can save an additional $7,500 in 2024 in. This amount is up modestly from 2023, when the individual 401 (k).