Search results
Results from the WOW.Com Content Network
Ages 45-54. Average 401(k) balance: $168,646. Median 401(k) balance: $60,763. During this decade you may be getting a larger paycheck than ever, and perhaps you can maximize your 401(k) plan.
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 ...
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 ...
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 ...
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 ...
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 average balance in a 401(k) account for American workers 65 and older was $232,710 in 2022, while the median was only $70,620, according to a Vanguard analysis. Averages may tilt higher than ...
It can be hard to know if your retirement savings are on track, but comparing your balance to where others similar in age are can help. In particular, taking a look at the average 401(k) balance ...