2024 Max 401k Contribution 50 Year Olds Contribution. The 401 (k) compensation limit is $345,000.  — in 2024, the contribution cap is $23,000 (or $30,000 if you’re over 50), and this may not be enough for high earners who want to save more.

 — what is the maximum 401(k) contribution for 2024 for over 50? The 401 (k) contribution limit is $23,000 in 2024.