401k Contribution Limits 2024 Over 50 Years. Those 50 and older can contribute an additional $7,500. What’s attractive about 401(k) plans is the money.

The irs sets various limits for retirement plans, including 401 (k)s.  — “the 401k has a 2024 contribution limit of $23,000, with a $30,500 limit if you’re age 50 or older, and a max of $69,000 for the combined employee and employer contributions,” he.