401k 2024 Limits Over 50

401k 2024 Limits Over 50. This includes all your personal contributions and any money your employer contributes to your 401(k) on your. 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 contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.