2024 Max 401k Employee Contribution Calculator

2024 Max 401k Employee Contribution Calculator. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. You may find that your employer matches or makes part of your contributions, as many do.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit.