401k Limit For 2024 Over 50

401k Limit For 2024 Over 50. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. In 2023 and 2024, this limit is $7,500.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.