2024 401k Contribution Limits 2024 Over 50. Outlines the 2024 annual contribution. An employee can contribute $23,000 in 2024 and an additional $7,500 for those who are age 50 and over.

For those over 50, it’s even higher. The roth ira has contribution limits, which are $6,500 for 2023 and $7,000 in 2024.