Solo 401k Contribution Limits 2024 Over 50. Save on taxes and build for a bigger retirment! For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Individuals under the age of 50 face an annual contribution limit of $22,500 for a 401 (k), while the contribution limit for gold iras stands at $6,500. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.