What Is The 401 K Contribution Limit For 2024 Over 55. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. Use our calculator to estimate your future balance.

Those 50 and older will be able to. You can contribute to both roth and traditional 401(k) plans, but the combined contributions cannot exceed the annual contribution limit set by the irs.