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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.
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 ...
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.
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 ...
Age. Average 401(k) balance. Median 401(k) balance. Younger than 25. $7,351. $2,816. 25-34. $37,557. $14,933. 35-44. $91,281. $35,537. 45-54. $168,646. $60,763. 55-64 ...
The average 401(k) balance for those aged 45 to 54 is $168,646 as of the end of 2023. That's according to Vanguard's How America Saves 2024 report, which dives into savings habits of nearly 5 ...
Average 401(k) balances among older Americans. ... a balance of $555,621 at age 65 when they retire would give them around $22,000 in annual income in the first year. The median balance of ...
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