401k 2024 Limits Over 50. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. In 2024, this rises to $23,000.

As a result, the total allowable contribution for someone 50 or older is $30,500 in 2024. Here’s how the 401(k) plan limits will change in 2024: