Total 401 K Contribution Limit 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The 401(k) contribution boost for 2024 is lower.

Use our calculator to estimate your future balance. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).