401k Limits For 2024 Over Age 50

401k Limits For 2024 Over Age 50. Next year, savers will have a chance to. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over.