2024 401k Contribution Limits Catch Up Date. Use our calculator to estimate your future balance. The 401 (k) compensation limit is $345,000.

The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).