401k And 457 Contribution Limits 2024 Calculator. — the 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $345,000 in 2024. Whether you participate in a 401 (k), 403 (b) or 457 (b).
If you are age 50 or over by december 31, the catch. — in 2024, individuals can contribute up to $23,000 to their 401 (k) plans in 2024—up from $22,500 for 2023.