401k 2024 Contribution Limit Catch Up Over 50. If you’re age 50 or older, you get to benefit from higher contribution limits to help your retirement accounts catch up. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.

This means that your total 401(k) contribution limit for 2024 is $30,500. That means a total of $30,500 can be contributed.