Individual 401k 2024 Limits. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). If you're age 50 or older,.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For 2024, you can contribute up to $23,000 to a 401(k) if you’re under 50.