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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 ...
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.
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 ...
A 401(k) retirement plan is a key benefit for any private-sector worker, and employees have come to expect a robust plan as part of their total benefits package. ... Vanguard 401(k) Fidelity ...
In the latest report released in 2024, Vanguard found the average 401(k) balance across all age groups is $134,128. For those aged 35 to 44, however, the average balance is much lower at $91,281.
The average 401(k) match is 50% of an employee's contributions up to 6% of their wages, according to Vanguard's report. If you're earning, say, $70,000 per year, that amounts to around $2,100 per ...
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