Max 401k Contribution 2024 Over 50 Limit. Individuals aged 50 and older are allowed to put more money into a 401(k) every year to help them make up for earlier years when they couldn't spare as much. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

The limit on total employer and employee contributions for 2025 is $70,000 ($77,500. What is the maximum 401(k) contribution for 2024 for over 50?