401k Contribution Limits 2024 Over 50 Years. Compounding over the space of 45 years can potentially turn. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
More people will be able to make contributions to roth ira accounts, too. So, those aged 50 or over can contribute a total of $30,500 to their 401 (k) during 2024.