2024 401k Contribution Limit Calculator. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
Please note that this calculator is only intended for sole proprietors (or llcs taxed as such). Bankrate.com’s free calculator allows you to see how contributions to a 401(k), 403(b) or other retirement savings account can affect your paycheck and overall earnings.