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The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively. ... California. Average ...
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.
But while the average 401(k) balance reported by Fidelity Investments is $125,900, retirement savings for many Americans across the U.S. are much lower — particularly if you live in one of a ...
If you have only average retirement savings, ... Morgan Hill, California. Average monthly mortgage: $8,363. Annual cost of living: $127,215. Years to draw down average savings: 4.79.
This article includes a list of U.S. states that have highest portion of savings (i.e. pensions, investment products, 401(k)); regular savings account, certificate of deposit, or Individual Retirement Account. The increase in people has also increased the Nest Egg index within a given year.
Data from the Federal Reserve says that as of 2022, the average retirement savings for people between the ages of 65 and 74 living in the U.S. was just a little more than $600,000, and that's an ...
American households reported an average retirement account balance of $333,940 and an average net worth of $1.06 million. Read on to see an age-based breakdown of those figures.
San Diego, California. Population: 1,383,987 Annual cost of living: $98,980 % of households receiving Social Security: 23.1% Average Social Security benefit: $22,514 Cost of living for single ...