2024 401k Contribution Limits 2024 Catch Up. For example, in 2023, individuals over age 50 can contribute $7,500 in addition to the $22,500 allowed, totaling $30,000. This number only includes personal contributions — employer matches.

For example, in 2023, individuals over age 50 can contribute $7,500 in addition to the $22,500 allowed, totaling $30,000. The contribution limits for employees have generally gone up $500 per year since then.