2024 401k Contribution Limits Over 55

2024 401k Contribution Limits Over 55. 401k limits for 2024 over age 55. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.

In this piece, we’ll review the 401(k) contribution limits for 2023 and 2024. 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.