What Is The 2024 401k Contribution Limit Over 50. Traditional 401 (k) plans require you to start taking distributions at age 73. The contribution limits for individual retirement accounts (iras) also increases.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Those 50 and older will be able to add.