Max 401k Contribution 2024 Over 50. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. If you are 50 or older, your personal contribution limit is $30,500—the catchup contribution remains at $1,000, same as last year.

This means that your total 401(k) contribution limit for 2024 is $30,500. The irs limits how much employees and employers can contribute to a 401 (k) each year.