401k Limit 2024 Combined Limit. The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

I estimate it will go up by $500 to $23,500 in 2025. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.