2024 401k Contribution Limits Catch Up Over 55

2024 401k Contribution Limits Catch Up Over 55. Someone age 50 or older can contribute an additional $7,500 (the same limit as in 2024), bringing the 2025 maximum to $31,000. Savers can put away $7,000 in a traditional or roth ira next year, while those.

Use our calculator to estimate your future. This amount is up modestly from 2024, when the individual 401 (k) contribution limit was $23,000, or $30,500 for employees who were 50 or older.