401k Contribution Limits 2024 Over 50. The 401 (k) compensation limit. The limit on employer and employee contributions is $69,000.

The contribution limit for 2023 is $6,500 and $7,500 for people 50.  — with annual contribution limits as high as $23,000 for people under age 50 or $30,500 for those age 50 and up, you might even be able to become a millionaire by.