2024 401k Max Limit Age. If you're 50 or older, the limit is $8,000. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
Some retirement plans have lower limits, so check the details of your allowable. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.