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In fact, it will help keep your spending in check if you live beneath, rather than above, your means. Ages 35-44. Average 401(k) balance: $91,281. Median 401(k) balance: $35,537.
Among all workers across generations, the average 401 (k) balance is $134,128, according to the 2024 report. The median balance may be more telling, however, as the average may be skewed by ...
If you assume the 401(k) is the entirety of someone’s retirement savings, a balance of $555,621 at age 65 when they retire would give them around $22,000 in annual income in the first year.
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. While that number isn't bad, it's not much ...
By the end of 2023, Vanguard found that the average 401 (k) balance for those ages 55 to 64 was $244,750. That's not too bad, especially when combined with savings in other retirement accounts ...
Image source: Getty Images. Average 401(k) balances for workers nearing retirement. The average balance in a 401(k) account for American workers between the ages of 55 and 64 was $207,874 in 2022 ...
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