401k Max Contribution Limit 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. The 401(k) contribution limit for 2024 is $23,000.

Most people don’t max out their 401(k). The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.