2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.

Learn about the 2024 contribution limits for different retirement savings plans. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.