2024 401k Contribution Limits Chart Over 50. Given your income and the amount you're looking to set aside, schamis says, the differences in contribution limits between a roth ira and a 401(k) won't come into play since. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,.

For 2025, employees can now contribute up to $23,500 to a 401(k) or 403(b) plan if they’re under 50, up from $23,000 in 2024. The relatively high contribution limits of a 401(k) plan better allow individuals to build a retirement nest egg over their working years that will help fund their lifestyle during.