401k 2024 Limits Over 50. This amount is up modestly from 2023, when the individual. 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.

With annual contribution limits as high as $23,000 for people under age 50 or $30,500 for those age 50 and up, you might even be able to become a millionaire by. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.