Max 401k Contribution 2024 Over 50

Max 401k Contribution 2024 Over 50. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.

Next year, the limit for savers under 50 is rising to $23,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.