401 K Limits 2024 Over 50. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The 401 (k) contribution limit for 2024 is $23,000.
The contribution limits for individual retirement. This amount is up modestly from 2023, when the individual 401 (k) contribution limit.