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Currently, those of retirement age don’t have much more than their younger peers — the median account balance for this age group is $917 more than those ages 55 to 64.
In 2024, the average 401(k) balance among those 55 to 64 years old is $244,750. However, the median may be a more accurate representation of the typical worker's savings, as the average can be ...
Vanguard reports that the average 401(k) balance among Americans aged 55 to 64 is $244,750. ... the median 401(k) balance among that age group is $87,571. ... worker's your age if you have other ...
For those wondering how their 401(k) balance compares to others in their age range, let's look at ages 55 to 64, because that's when many important retirement decisions are generally made. The ...
The median may better represent the majority of Americans, and among those aged 55 to 64, the median 401(k) balance is just $71,168. The average worker may not be on track for a secure retirement
If you're 62, you can see that those aged 55 to 64 have an average balance of $244,750. That might seem pretty good, but these folks may be only one to 10 years away from retiring, and $244,750 ...
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