Max 401k Limit 2024. The 401 (k) contribution limit for 2024 is $23,000. An older worker would need to save $2,541.60 per month, or $1,270.80 per bimonthly paycheck, to max out a 401(k) plan.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.