401k Limits For 2024 Over Age 50. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.
The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.
