Current 401k Max 2024. Use a free paycheck calculator to gain insights to your 401k and financial future. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
For 2024, the compensation limit (which is the amount of your income thatโs used to figure out 401(k) contributions and matches) is limited to $345,000. In 2024, it means setting aside $23,000 in savings, or $30,500 if you’re 50 or older.