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Here's how age groups stack up on average and median 401(k) balances as of 2024: Age. Average account balance. Median account balance. 25 and younger. $7,351. $2,816. 25 to 34. $37,557. $14,933.
The average 401(k) balance hits six figures, ... For a clearer snapshot of what's typical, check out the median balance. It sits at just $88,488. That means half of 401(k) holders aged 65 and up ...
SmartAsset: How to check your 401(k) balance. According to the Society for Human Resource Management, the plan administrator is an officer or employee of the company that holds the 401(k). The ...
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% ...
While the average 401(k) participant has $272,588, the median balance for this age group is $88,488. Overall, 28% of 401(k)s held at Vanguard have less than $10,000 in them, and small-balance ...
According to Vanguard's "How America Saves" 2024 report, the average 401(k) balance for someone 65 and older is $272,588. As with any statistic dealing with averages, it could be skewed by those ...
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