401 K Contribution Limits 2024 Over 50. This amount is up modestly from 2023, when the individual 401(k). For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

The relatively high contribution limits of a 401(k) plan better allow individuals to build a retirement nest egg over their working years that will help fund their lifestyle during. You can contribute to more than one.