401k 2024 Contribution Limit Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023.

If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. This dollar amount is the same as in 2023.