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Here's how age groups stack up on average and median 401(k) balances as of 2024: ... that much saved in your 401(k). If you’re 40 years of age earning $120,000 a year, your account should have ...
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 maximizing their 401(k) plan. By age 30 ...
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
This is the average 401(k) balance for every age group. ... You can use rules of thumb to set savings goals, like estimating you'll need 10 times your final income invested before retirement.
The report includes a breakdown of account balances among Vanguard 401(k) participants, separated by age. ... Age Group. Average 401(k) Balance ... your savings, you have options. If your 401(k) ...
Across all age groups, the average 401(k) balance is $112,572. ... Proper asset allocation-- or investing aggressively enough for your age -- can help protect your savings while still maximizing ...
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