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Let's say you have $300,000 in your retirement accounts, and you're hoping to retire soon. ... Sign Up For Free » Age. Average 401(k) balance. Median 401(k) balance. Younger than 25. $7,351.
The median 401(k) balance for the same participants — the middle number when you line up all balances from lowest to highest — paints a different picture at just $35,286, almost $100,000 less ...
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 ...
Not only does a 401(k) allow you to save and invest for retirement, but it also gives you a tax break for doing so by allowing you to lower your taxable income in the year you make contributions.
Image source: Getty Images. Average 401(k) balance for workers age 35 to 44. By the end of 2023, the average 401(k) balance for those aged 35 to 44 clocked in at $91,281. Meanwhile, across all age ...
Checking your 401(k) balance is an important practice to make sure your retirement savings are on track. If you can’t find your 401(k), contact the employer you opened the 401(k) with to gain ...