401k Limits For 2024 Over Age 55. The 401(k) contribution limit is $23,000. Most people don't max out their 401(k).
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. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.