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Here's how age groups stack up on average and median 401(k) balances as of 2024: Age. Average account balance. Median account balance. 25 and younger. $7,351. $2,816. 25 to 34. $37,557. $14,933.
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% ...
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 ...
In 2024, the average 401(k) balance among those 55 to 64 years old is $244,750. However, the median may be a more accurate representation of the typical worker's savings, as the average can be ...
The median may better represent the majority of Americans, and among those aged 55 to 64, the median 401(k) balance is just $71,168. The average worker may not be on track for a secure retirement.
The average 401(k) balance for someone aged 55 to 64 is $207,874. The average 401(k) balance could be skewed by those with high balances, so for a different perspective, we can look at the median ...
Included in the report were the average and median 401(k) balances among Vanguard retirement account participants. Among those aged 55 to 64, the average account balance is $244,750.