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The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, according to the firm's How America Saves report. However, this figure doesn’t ...
While the average 401(k) participant has $272,588, the median balance for this age group is $88,488. Overall, 28% of 401(k)s held at Vanguard have less than $10,000 in them, and small-balance ...
This is up considerably across every age group compared with Fidelity's data from the first quarter of 2023 reported on by CNBC. At that time, the average balances for each generation were ...
Age Group. Average 401(k) Account Balance. Baby boomers (ages 60 and up) $250,900. Gen X (ages 44 to 69) ... 418,111 of them have reached or eclipsed a seven-figure value compared to just a little ...
Age 25 and younger. Average 401(k) balance: $7,351. ... That means half of 401(k) plan participants in this age group have less than that amount saved and half have more. The average balance is ...
Nevertheless, these numbers provide a general idea of how Americans are doing in this age group. ... Age. Average 401(K) Balance. Median 401(K) Balance. 35 to 44. $76,354. $28,318. 45 to 54 ...