2024 Max 401k Contribution 50 Year Olds College. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). If you are 50 or older, you can add up to $7,500 extra per year from $6,500.

This amount is up modestly from 2023, when the individual. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older).