2024 401k Maximum Contribution Limits Over 55. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. Savers will be able to contribute as much as $23,000.

In 2023, the limits were $66,000, or $73,500 for people 50 and older. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.