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The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, according to the firm's How America Saves report. However, this figure doesn’t ...
In fact, Fidelity's summary of Q2 2023 data revealed a double-digit increase in average 401(k) balances for nearly every generation over Q2 2022. Gen Z saw their balances increase by 66% ...
Median 401(k) balance: $14,933. Again, the average 401(k) balance is more than twice the median balance, reflecting the larger savings capacity of high-wage earners and those resolved to ...
It's critical to have a savings goal unique to your situation, but sometimes it helps to see how you compare. This Is the Average 401(k) Balance Across All Age Groups Skip to main content
Where the average American stands on savings. ... In 2024, the average 401(k) balance among those 55 to 64 years old is $244,750. ... The median balance for this age group is just $87,571, the ...
How do your savings stack up to the average? ... Across all age groups, the average 401(k) balance is $112,572. ... Age. Average 401(k) Balance. Median 401(k) balance.
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