Each case is unique and therefore settlement amounts will vary. It is difficult to determine the average settlement for an age discrimination lawsuit but there are limits on the amounts of compensatory and punitive damages a victim can recover. According to the EEOC, the limits vary depending on the size of the employer: For employers with 15-100 employees, the limit is $50,000; for employers with 101-200 employees, the limit is $100,000; for employers with 201-500 employees, the limit is $200,000; and for employers with more than 500 employees, the limit is $300,000.