401k 2024 Limits Catch Up Over 55. The 401 (k) contribution limit for 2024 is $23,000. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older).

You can contribute to more than one 401 (k). For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.