2024 Max 401k Contribution 50 Year Olds In India. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. Employees age 50 and older are subject to a higher contribution limit with either type of contribution.

401 (k) contribution limits for 2024. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.