2024 401k Contribution Limit Over 50. This means that your total 401(k) contribution limit for 2024 is $30,500. 401(k) contribution limits in 2024 and 2025.
For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over.