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401k Maximum Contribution 2024 Calculator Over 50. For example, let's assume your employer has a 50% match, up to a maximum of 6% of your annual salary. This is in addition to the standard employee contribution limit, meaning that if you are 50 or older, you could.

The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit. For 2024, the limit is $23,000 for those under 50, and $30,500 for those over 50.