401k Contribution Limits 2024 Age 55. Vanguard reported that americans ages 55 to 64 have a median 401(k). Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

The overall 401 (k) limits for. Contributions to 401 (k)s can be automatically deducted from your.