2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50. Learn about the 2024 contribution limits for different retirement savings plans. For the year 2024, the contribution limit for 401(k) plans is $23,000 for individuals under age 50 and $30,500 for those 50 and older.


2024 Limits On 401k Contributions For Age 50

In 2023, this rises to $22,500. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).

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