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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 ...
For those wondering how their 401(k) balance compares to others in their age range, let's look at ages 55 to 64, because that's when many important retirement decisions are generally made. The ...
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.
Age. Average 401(k) balance. Median 401(k) balance. Younger than 25. $7,351. $2,816. 25-34. $37,557. $14,933. 35-44. ... If you're 62, you can see that those aged 55 to 64 have an average balance ...
Vanguard reports that the average 401(k) balance among Americans aged 55 to 64 is $244,750. However, the median 401(k) balance among that age group is $87,571. And when you have a median that's ...
Average and median 401(k) balance by age. These are the average and median balances for specific age groups at the end of 2023, ... Ages 55-64. Average 401(k) balance: $244,750.
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