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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 ...
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 ...
According to Vanguard's 2024 edition of its How America Saves report, the average balance among Vanguard 401(k) participants age 65 and older is $272,588. The median balance, which may more ...
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 ...
Based on the average 401(k) balance of $244,750, this translates to a safe withdrawal rate of $9,790 per year for the average Vanguard 401(k) participant. Even when combined with Social Security ...
These are the average and median balances for specific age groups at the end of 2023, according to Vanguard, ... Age 25 and younger. Average 401(k) balance: $7,351. Median 401(k) balance: $2,816 ...
Those age 65 and older tend to have far more in savings than younger generations. However, the average 401(k) balance is still just $272,588, according to Vanguard's 2024 How America Saves report.
The average 401(k) balance for retirees age 65 and older. The data comes from mutual fund giant and retirement plan manager Vanguard. In its 2023 "How America Saves" report, Vanguard says the ...
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