401k Limits 2024 Over 60. If you are 50 or older, you. Beginning january 1, 2025, participants age 60, 61, 62, and 63.

For those who are able or wish to, you will be allowed to sock away even more money into a 401 (k) or ira next year. Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions and can save up to $34,750 for retirement.