401k Limit 2024 50+. The 401(k) contribution limits can be broken down into two types: But investors aged 60 to 63 can instead save an extra $11,250, based on.

The annual contribution limit for a roth ira for those under 50 is $7,000 for 2024, with an additional $1,000 catch up contribution if you’re age 50 or older. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties.