2024 Max 401k Contribution 50 Year Olds

2024 Max 401k Contribution 50 Year Olds. This amount is up modestly from 2023, when the individual 401 (k) contribution. In 2024, you can contribute up to $23,000 if you’re under age 50 and $30,500 if you’re age 50 or older.

Workers who are at least 50 years old can put an additional $7,500 in their 401(k) plans for 2024—for a total of $30,500. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.