401k 2024 Contribution Limit Over Age 50. Altogether, the most that can be contributed to your 401(k) plan between both you and your employer is $70,000 in 2025, up from $69,000 in 2024. The 401(k) contribution limit for individuals has been increased to $23,000 for 2024.
Next year, savers will have a chance to add an extra. When most people think of 401(k) contribution limits, they are thinking of the elective deferral limit, which is $23,000 for 2024 ($22,500 in 2023).
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