401k Max Contribution 2024 Over 55

401k Max Contribution 2024 Over 55. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

The annual contribution limit for a roth ira for those under 50 is $7,000 for 2024, with an additional $1,000 catch up contribution if you’re age 50 or older. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.