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Washington rounds out the top 10 with an average retirement savings of $469,987. The state’s financial health is high, too, ranking third in the nation with a score of 6.65 out of 10.
Average retirement savings, not surprisingly, rise with age. The average balance for those 45 to 52 is $179,200, rising to $256,244 for those 55 to 64 and $279,997 for those already retired.
Here's the average 401(k) balance after 15 years of saving. The Fidelity survey looked at the average 401(k) balance of more than 24 million participants in more than 26,100 of its corporate plans ...
According to the most recent survey that was completed in 2019, the average retirement savings by age breaks down like this: $426,000 for those aged 65 to 74 $357,000 for those aged 75 and older
The Federal Reserve SCF defines retirement accounts as individual retirement accounts (IRAs), Keogh accounts, and employer-sponsored accounts like 401(k) plans, 403(b) plans, and thrift savings ...
The more free money you get for retirement, the easier it becomes to boost your balance. At the same time, make sure you're investing in assets that allow your money to grow without charging you ...
How Much Does the Average Person Have in Retirement Savings? U.S. retirement accounts have an average balance of $87,000, according to most recent Federal Reserve Survey of Consumer Finances ...
Data source: Federal Reserve 2022 Survey of Consumer Finances. As shown above, the median American household reported a retirement account balance of $87,000 and a net worth of $192,700 in the ...