401k Contribution Limits 2024 Age 55. So, those aged 50 or over can contribute a total of $30,500 to their 401 (k) during 2024.  — if you participate in a 401(k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.

This rule means that, in most cases, you have to wait five years after establishing. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.