024 401k Max Contribution Limits Over 50

024 401k Max Contribution Limits Over 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The maximum amount you can contribute to a roth 401 (k) for 2024 is $23,000 if you're younger than age 50.

The total maximum allowable contribution to a defined contribution plan could rise $2,000, going from $69,000 in 2024 to $71,000 in 2025. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.