401k Catch Up 2024 Age. Those capacities include elective deferrals (with a limit of $23,000 in 2024, or $30,500 if age 50 or over), and employer nonelective contributions. Every year, by regulation, the irs revises how much you can contribute to your retirement plan that year.

So, according to the contribution limits for a 401 (k), after age 50, you. If you’re 50 or older, you may be eligible to contribute an extra $7,500 to your 401 (k) in 2024.