Anjela Pauletta

Current 401k Contribution Limits 2024 Over 50. 401(k) contribution limits in 2023 and 2024. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024.

The maximum amount you can contribute to a 401 (k), traditional or roth, in 2024 is $23,000, or $30,500 if you are 50 or older. In 2023, the limits were $66,000, or $73,500 for people 50 and older.