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About 70 million Americans invest in 401(k)s and these retirement plans hold $6.9 trillion in assets, according to the Investment Company Institute, citing data as of September 30, 2023 . Plan ...
The number of "401(k) millionaires" — 401(k) plan participants ... Nearly 399,000 Americans also have a least $1 million in an individual retirement account. ... the average 401(k) balance is ...
More millionaires are among us thanks to ballooning 401 (k), IRA balances. Kerry Hannon. August 29, 2024 at 5:00 AM. A growing number of retirement savers are sitting on a cool million or more in ...
Retirement plans in the United States. Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net ...
For the record, most people don't have a million-dollar 401(k) account. There's usually just not enough income or enough time to grow a work-sponsored retirement plan into a seven-figure stash.
On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. Number of 401(k) ‘millionaires’ reaches new high
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