2024 Maximum 401k Contribution Over Age 50

2024 Maximum 401k Contribution Over Age 50. The 401 (k) contribution limit is $23,000 in 2024. That means a total of $30,500 can be contributed.

In 2024, both the traditional 401 (k) and roth 401 (k) have a contribution limit of $23,000, while simple 401. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.