401k Max Contribution 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 401(k) contribution limit for 2024 is $23,000.

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. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.