2024 401k Max Contribution Limits Over 50. Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50. (again, those aged 50 and older can also make an.

This means that your total 401 (k) contribution limit for 2024 is $30,500. Here’s how the 401 (k) plan limits will change in 2024: