Carol Cristen

2024 Max 401k Contribution Catch Up Calculator. You may find that your employer matches or makes part of your contributions, as many do. He gets a pay raise of 3% or 4% a year, and he plans to put most of the extra pay toward his 401(k) “until i max it out,” he said.

This ensures that the limits remain meaningful as the cost of living. Bankrate.com’s free calculator allows you to see how contributions to a 401(k), 403(b) or other retirement savings account can affect your paycheck and overall earnings.