2024 401k Limits Chart Over 50. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.

Many employers match a percentage of your contributions, providing extra retirement. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira.