Self-compression of femtosecond pulses in noble gases with an input power close to the self-focusing threshold has been investigated experimentally and theoretically. It is demonstrated that either multiphoton ionization (MPI) or space–time focusing and self-steepening effects can induce pulse shortening, but they predominate at different beam intensities during the propagation. The latter effects play a key role in the final pulse self-compression. By choosing an appropriate focusing parameter, action distance of the space–time focusing and self-steepening effects can be lengthened, which can promote a shock pulse structure with a duration as short as two optical cycles. It is also found that, for our calculation cases in which an input pulse power is close to the self-focusing threshold, either group velocity dispersion (GVD) or multiphoton absorption (MPA) has a negligible influence on pulse characteristics in the propagation process.