2024 401k Catch Up Provision. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. Up to $7,500 a year.

In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year. Defined contribution retirement plans will be able to add an emergency savings account associated with a roth account.