401k Annual Limit 2024 Over 50

401k Annual Limit 2024 Over 50. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.