Maximum 401k Contribution 2024 Over 55. Employees 50 or older can. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. This amount is up modestly from 2023, when the individual.