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Average Savings by Age: 55 to 64. The Fed survey found that Americans between the ages of 55 and 64 had an average savings account balance of $57,800.
Average retirement savings goal by age. ... This age group spends a monthly average on the following categories: $2,012 on housing. $1,133 on transportation. $816 on food. $558 on health care.
Vanguard's survey, How America Saves 2024, shows the average retirement savings by age group, and the median ("typical") retirement savings by age group. These numbers are based on the account ...
Another study by Vanguard calculated the average 401(k) balances by age. The table below breaks down average and median balances by age group: <25 Average 401(k) balance: $6,718. Median 401(k ...
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.
The average retirement account balance by age. Retirement savings is measured as the cumulative balance across ... Age Group. Average Retirement Savings. 18-34. $49,130. 35-44. $141,520. 45-54 ...