How do I maximize my employer 401(k) match?

Before you establish a contribution amount, you'll want to determine the impact of taking full advantage of your employer's matching contributions. If, for example, your contribution percentage is so high that you reach the current $23,000 limit in the first few months of the year (or $30,500  limit for those 50 years or older), you've probably maximized your contribution but minimized your employer's matching contribution. Use our 401(k) matching calculator to estimate how much to contribute.

*Based on 2024 federal limits.