Is the 401k Contribution Limit Calculator free?

Yes. The 401k Contribution Limit Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the 401k Contribution Limit Calculator belong to?

The 401k Contribution Limit Calculator belongs to the Financial category on calculpage.

Financial

401(k) Contribution Limit Calculator

Check 2024 401(k) contribution limits including catch-up for ages 50+.

Your Age

Annual Salary

Contribution Rate (%)

Employer Match Rate (%)

Formula & How It Works

2024 limit: $23,000 (under 50) or $30,500 (50+, includes $7,500 catch-up). Your contribution capped at the IRS limit.

Related Calculators

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

Frequently Asked Questions

Does the employer match count toward my limit?▼

No. The $23,000/$30,500 limit applies only to employee elective deferrals. Employer contributions are subject to a separate combined limit of $69,000 in 2024.

What if I contribute to multiple 401(k) plans?▼

The IRS limit is per person, not per plan. If you contribute to multiple employer plans in the same year, total deferrals must not exceed the annual limit.

Can I contribute to both a 401(k) and an IRA?▼

Yes. You can contribute to both. The IRA contribution limit is separate at $7,000 ($8,000 if 50+) for 2024.

Loading calculator...