What Is The Max 401k Contribution For 2024 Over 55. Changes in inflation affect the limits,. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
When most people think of 401(k) contribution limits, they are thinking of the elective deferral limit, which is $23,000 for 2024 ($22,500 in 2023). What does it mean to max out your 401(k) in 2024?