View What Is The Average 401K Balance Pictures. The most common age to retire in the u.s. Here's what the election could mean for your while these figures include money beyond what is in your 401(k), they still serve as a retirement savings benchmark beyond the average 401(k).
Average 401K Balance By Age - Saving Advice - Saving ... from www.savingadvice.com New data from vanguard, however, tells us that the average 401(k) balance among their participants was $103,866 last year. According to fidelity investments, the financial services firm that administers more than $7.3 trillion in assets, the average 401(k) plan balance reached $112,300 in the fourth. Last updated on october 27, 2020 by nate zhang.
At first glance, that might seem like a decent chunk of savings.
I always wondered how many abandoned 401k accounts from short lived jobs are bringing down the average. However, if workers in this group have two or three other 401(k)s from former employers, their savings can be significantly higher than this report makes it look. Could be related to shifting funds from stocks into bonds. When we break down the numbers further we can see how much the average 401k balance is by income and age range.
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