401k Limit 2024 Combined Over 50. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. That means between the two accounts, in 2024 you can contribute a combined max of $23,000 if you're under 50, or $30,500 if you're 50 or older.
Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.