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Here's how age groups stack up on average and median 401(k) balances as of 2024: Age. Average account balance. ... you should target about $240,000 in savings by age 40 and $480,000 by age 50.
Median 401(k) balance: $14,933. 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 ...
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: Gen Z: $12,000
This is what the average and median 401(k) balances look like across all ages, plus a few ways to save even more. Three people sitting at a table and looking at a tablet. Image source: Getty Images.
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 ...
How do your savings stack up to the average? ... Across all age groups, the average 401(k) balance is $112,572. This number may be skewed by extremely high-earning outliers, however. The median ...
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