401k Contribution Limits 2024 50 And Older. Maximum total contribution for employees 50 and older. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit.

Therefore, participants in 401(k), 403(b), and most 457 plans, as well as the federal government’s thrift savings plan who are 50 and older can contribute up to $30,500, starting in 2024. The 401(k) contribution limit for 2024 is $23,000.