401k Contribution Limits 2024 Calculator Over 55. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The limit on employer and employee contributions is $69,000.