401k Contribution Limits 2024 Calculator With Match. If you have an annual salary of $25,000 and contribute 6%, your annual contribution is $1,500. This amount is up modestly from 2023, when the individual 401 (k) contribution limit.

Note that any employer match doesn’t count toward an individual’s 401(k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). With a 50% match, your employer will add another $750 to your 401(k) account.