2024 Max 401k Contribution Limits Over 50

2024 Max 401k Contribution Limits Over 50. For 2023, the limits were $66,000, or $73,500 if you're 50 or older. The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000.

For 2024, you can contribute up to $69,000, or $76,500 if you’re 50 or older. What is the 401(k) contribution limit in 2024?