401k Limits For 2024 Over Age 55. This reduces to the age of 50 if you’re a public service employee. Here's how the 401 (k) plan limits will change in 2024:

This amount is up modestly from 2023, when the individual 401. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.