401k Max Contribution 2024 Over 55. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. Those aged 50 or older can save more with catch up funds.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. Here’s how the 401 (k) plan limits will change in 2024: