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Average account balance: $168,646. Median account balance: $60,763. Young Gen Xers who are just entering pre-retirement age have a median account balance of $60,763. The goal is to have 6 times ...
Ages 45-54. Average 401(k) balance: $168,646. Median 401(k) balance: $60,763. During this decade you may be getting a larger paycheck than ever, and perhaps you can maximize your 401(k) plan.
In fact, Fidelity's summary of Q2 2023 data revealed a double-digit increase in average 401(k) balances for nearly every generation over Q2 2022. Gen Z saw their balances increase by 66% ...
Financial experts say that a couple aged 60 with a dual income of $75,000 per year should have seven times their household income in their retirement account.
Among all workers across generations, the average 401(k) balance is $134,128, according to the 2024 report. The median balance may be more telling, however, as the average may be skewed by ...
Average balance - $555,621 , Median balance - $209,382. 70s. Average balance - $417,379 , Median balance - $103,219. The big gap in average versus median balance is explained by a small number of ...
Healthcare alone costs the average 65-year-old couple around $315,000 in total out-of-pocket expenses, according to a 2023 report from Fidelity Investments, and these figures may only increase ...
It's critical to have a savings goal unique to your situation, but sometimes it helps to see how you compare.