Max 401k Contribution 2024 For Over 50

Max 401k Contribution 2024 For Over 50. 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. 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.

In 2024, the contribution cap is $23,000 (or $30,000 if you’re over 50), and this may not be enough for high earners who want to save more. In 2024, employers and employees together can.