2024 Maximum 401k Contribution Over Age 50

2024 Maximum 401k Contribution Over Age 50. That limit also applies to 457, 403 (b) and the federal government’s thrift. Other limits also apply, including the amount your employer can contribute.

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.