Maximum 401k Contribution 2024 Calculator App

Maximum 401k Contribution 2024 Calculator App. Please note that this calculator is only intended for sole proprietors (or llcs taxed as such). The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Those 50 and older can contribute an additional $7,500.