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The average 401 (k) balance among near-retirees. Vanguard reports that the average 401 (k) balance among Americans aged 55 to 64 is $244,750. However, the median 401 (k) balance among that age ...
401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.
The average 401 (k) balance for retirees age 65 and older is $272,588, according to Vanguard's analysis of nearly 5 million accounts at the end of 2023.
What is the average 401 (k) balance for those aged 45 to 54? The average 401 (k) balance for those aged 45 to 54 is $168,646 as of the end of 2023. That's according to Vanguard's How America Saves ...
Again, the average 401 (k) balance is more than twice the median balance, reflecting the larger savings capacity of high-wage earners and those resolved to maximizing their 401 (k) plan.
Comparison of 401 (k) and IRA accounts This is a comparison between 401 (k), Roth 401 (k), and Traditional Individual Retirement Account and Roth Individual Retirement Account accounts, four different types of retirement savings vehicles that are common in the United States.
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