401k Contribution Limits 2024 Over 50 Years

401k Contribution Limits 2024 Over 50 Years. In 2024, people under age 50 can contribute. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.

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