2024 401k Contribution Limit Calculator Over 50. In 2024, the individual contribution limit is $23,000, while the combined contribution limit for employees and. The 401(k) compensation limit is $345,000.

The 2023 401(k) contribution limit for individuals under 50 is $22,500. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.