Max Roth 401k Contribution 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Despite the potential disadvantages once you reach retirement, there are still often good reasons to pick a traditional 401 (k) over a roth 401 (k). (that contribution limit is up.