Total 401k Contribution Limit 2024 Over 50

Total 401k Contribution Limit 2024 Over 50. This means that your total 401(k) contribution limit for 2024 is $30,500. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.

But thanks to the secure 2.0 act, those between 60 and 63 years old have a higher. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.