Elicia Tessie

401k 2024 Maximum Contribution Over 50. The 401(k) contribution limit for 2024 is $23,000. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). 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.