Annual 401k Contribution Limit 2024 Over 50. Learn how much you can save for retirement in 2024 with the irs contribution limits for various plans, such as 401 (k), 403 (b), 457 (b), and ira. Find out how to apply the plan's match formula and stop deferrals when.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.