2024 401k Limits Contribution Calculator

2024 401k Limits Contribution Calculator. Contributions to 401 (k)s can be automatically deducted from your paycheck. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

If you are 50 years old or older, the maximum contribution limit went from $73,500 in 2023 to. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.