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The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, ... for a solid road to a comfortable retirement. Average 401(k) balance by age.
Age 25 and younger. Average 401(k) balance: $7,351. Median 401(k) balance: $2,816. The median balance for people just getting started in their careers is $2,816 . That means half of 401(k) plan ...
This is the average 401(k) balance for every age group According to Fidelity's data from the second quarter of 2024, here is the average 401(k) balance for people of different ages: Gen Z: $12,000
If you have a 401(k), that could mean reconsidering the fee-heavy mutual funds you've been relying on and trading them in for low-cost index funds. Also, aim to take advantage of catch-up ...
Average 401(k) account balance by age. Fidelity regularly posts updated aggregated data for its 401(k) plan customers, offering up insights as to where the crowd currently stands. Its most recent ...
It's critical to have a savings goal unique to your situation, but sometimes it helps to see how you compare.