Max 401k Contribution 2024 Calculator Over 50. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.

Use a free paycheck calculator to gain insights to your 401k and financial future. For 401(k) catch up contribution (over age 50) the limit is $7,500 ($30,500 total).