401k Contribution Limits 2024 Age 55. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira contribution deductibility.

Some retirement plans have lower. Those 50 and older can contribute an.