You can have as many contacts as you want in the system. But there are some functional limitations in how many contacts the system can work with and display in certain scenarios.
In the Contacts menu, you can see the list with all your contacts, regardless of how many you have. But when you are sending an email, for example, you can only send to a maximum of 10,000 at one time. If you split your contacts into groups of 10,000 or less, you should then be able to send an email to all of them (meaning you will send the same email to up to 10,000 people at a time, until it is sent to all of them).
Other places with display functional limitations: reports such as Clients Report and Subscribers List (10,000), advanced contacts search tool (1000).
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