401k Annual Limit 2024 Calculator. 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 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.

It takes into account various factors such as. The 401k limits for 2021 and 2022 set by the irs are $19,500 and $20,500, respectively.