Estimated 401k Limits For 2024. If you're age 50 or. If you’re 50 and over, you can contribute an extra $7,500 — this is called a 401(k) catch.

On the other hand, the combined annual ira limit is $7,000 for those under 50, and $8,000 for. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.