401k Catch Up 2024 Age

401k Catch Up 2024 Age. So, according to the contribution limits for a 401 (k), after age 50, you could contribute a total of $30,500 to a 401 (k) each year. In 2024, the contribution limits are $23,000, or $30,500 for those age 50 or older.

If you’re 50 or older, you may be eligible to contribute an extra $7,500 to your 401 (k) in 2024. Those who are age 60, 61, 62, or 63 will soon be able to set aside more money in a 401 (k).