401k Contribution Limits 2024 Age 50. Once you get into your 50s you’ll want to have saved at least eight times that for retirement. Workplace retirement plan contribution limits for 2024.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. This amount is up modestly from 2023, when the individual 401(k).