Maximum 401k Contribution 2024 Calculator Over 50

Maximum 401k Contribution 2024 Calculator Over 50. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

The total maximum that can be tucked away in your 401(k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024, or $7,500 more. For 2024, the limit is $23,000 for those under 50, and $30,500 for those over 50.