401k 2024 Contribution Limits Over 50

401k 2024 Contribution Limits Over 50. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. For 2023, the limits were $66,000, or $73,500 if you're 50 or older.

This amount is up modestly from 2023, when the individual. Employees 50 or older can contribute up to $30,500 with catch.