Belle Maureene

Maximum 401k Contribution 2024 Calculator Fidelity. 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. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

Use our calculator to estimate your future balance. In 2023, the 401 (k) contribution limit for employees is $22,500.