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The report includes a breakdown of account balances among Vanguard 401(k) participants, separated by age. Among all workers across generations, the average 401(k) balance is $134,128, according to ...
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 ...
65 and older. $272,588. $88,488. All age groups. $134,128. $35,286. Data source: How America Saves 2024, Vanguard. Truth be told, it might be surprising that the average 401 (k) balance for those ...
The Vanguard Group, Inc. (commonly known as simply Vanguard) is an American registered investment advisor founded on May 1, 1975 and based in Malvern, Pennsylvania, with about $9.3 trillion in global assets under management as of May 2024. [3] It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds ...
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.4 trillion in assets under management, and $14.1 trillion in assets under administration, as of June 2024, [4] Fidelity Investments ...
Average 401(k) plan balances reached $134,128 in 2023, up from $112,572 in 2022 and down from $141,542 in 2021, according to Vanguard’s “How America Saves 2024” report.
Frederick W. Smith. Frederick Wallace Smith (born August 11, 1944) is an American business magnate and investor. He is the founder and chairman of FedEx Corporation, the world's largest transportation company. On June 1, 2022, Smith stepped down as CEO to become executive chairman, and was replaced by Raj Subramaniam. [1]
Source: Vanguard. Table by author. If your 401(k) balance falls below the average or median, that's OK. It's simpler than you might think to accumulate hundreds of thousands of dollars for ...