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Average 401(k) balance by age. For tax year 2024, you can save as much as $23,000 in your 401(k), with that amount increasing to $23,500 for tax year 2025.
This is the average 401(k) balance for every age group. According to Fidelity's data from the second quarter of 2024, here is the average 401(k) balance for people of different ages:
It's critical to have a savings goal unique to your situation, but sometimes it helps to see how you compare.
Age 25 and younger. Average 401(k) balance: $7,351. Median 401(k) balance: $2,816. The median balance for people just getting started in their careers is $2,816 . That means half of 401(k) plan ...
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 ...
Here's a look at the average 401(k) balances for people in various age groups. A person in a cowboy hat outdoors, smiling. ... Average 401(k) balance. Median 401(k) balance. Younger than 25 ...
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