401k Contribution Limits 2024 Calculator

401k Contribution Limits 2024 Calculator. Bankrate.com provides a free 401(k) calculator to help consumers calculate their retirement savings growth and earnings. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 2023 401 (k) contribution limit was $22,500, or $500 less than the 2024 limit.