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This tells us that the average 401(k) millionaire has likely been funding their account for a considerably longer period of time. Among millennials, the average 401(k) balance now sits at $66,500.
It’s more than double the uptick in those with seven-figure balances in Fidelity 401(k) plans. There were 497,000 millionaire retirement savers in Fidelity 401(k) plans at the end of the second ...
If you've been steadily building your 401(k), there's some exciting news. According to a new report from Fidelity Investments, retirement savers have plenty to celebrate: average 401(k) balances ...
On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose ...
The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows.. As of June, there ...
A record number of Americans are 401(k) millionaires, thanks to a surging stock market. The tally of 401(k) millionaires reached 544,000 in the third quarter of 2024, up from 497,000 three months ...
Though there are more 401(k) millionaires, boasting at least a seven-figure balance is far from the norm. Overall, the average 401(k) balance increased to $112,400, while the average IRA balance ...
Fidelity also reported that the number of 401(k) accounts with balances of at least $1 million rose in the fourth quarter by 20%, to 422,000 accounts; and by 41% for the whole year.