2024 401k Contribution Limit Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The overall 401 (k) limits.