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The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, ... for a solid road to a comfortable retirement. Average 401(k) balance by age.
Age 25 and younger. Average 401(k) balance: $7,351. Median 401(k) balance: $2,816. The median balance for people just getting started in their careers is $2,816 . That means half of 401(k) plan ...
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:
It's critical to have a savings goal unique to your situation, but sometimes it helps to see how you compare.
The report includes a breakdown of account balances among Vanguard 401(k) participants, separated by age. Among all workers across generations, the average 401(k) balance is $134,128, according to ...
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 may be a better figure to gauge where most ...
Below you can see the average and median 401(k) balances for people in their 40s and beyond. The data is from Empower’s free online financial dashboard which is used by over 3 million Americans ...
Here's a look at the average 401(k) balances for people in various age groups. ... Let's start with the data: Age. Average 401(k) balance. Median 401(k) balance. Younger than 25. $7,351. $2,816 ...
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