401k Contribution Limits 2024 Calculator In India. Many employers offer matching contributions, giving you “free money” for retirement. That limit increases to $67,500 if you are 50 or older.

The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties. See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing.