Individual 401k Contribution Limits 2024

Individual 401k Contribution Limits 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. This means that your total 401 (k) contribution limit for 2024 is $30,500.

The 2024 annual contribution limit for 401(k) plans has been set at $23,000. You can possibly save more for retirement in 2024, thanks to recent irs changes to employee contribution limits for 401 (k), 403 (b), and most 457 plans.