Max 401k Contribution 2024 Over 55.  — in 2024, both the traditional 401 (k) and roth 401 (k) have a contribution limit of $23,000, while simple 401 (k) has a limit of $16,000. A $500 boost is projected for the 2024 401(k) contribution limit according to recent forecasts from both mercer and milliman.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The contribution limits for individual.