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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 ...
Let's take a look at what different generations have set aside for retirement so you can see how your own account balance stacks up. ... a double-digit increase in average 401(k) balances for ...
However, most 401(k) plans have a limited number of investment offerings, so if you’re not happy with your current plan’s options, you’re probably better off rolling the old account into an IRA.
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.
Here's what the average 401(k) balance looks like for those aged 55 to 64 -- as well as a few tips to boost your savings. Two people looking at a tablet. Image source: Getty Images.