401k Max Contribution 2024 Calculator. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit.

During the 2023 tax year, the 401(k) contribution limit was $500 lower at. If you’d like to save even more for retirement, consider.