Here's what the average 401(k) balance looks like for those closest to retirement age, plus one simple way to save more.

You're not there yet, but how much you've saved up at this point can determine how much money you'll have then.

In 2023, investors between the ages of 55 and 64 had an average 401(k) account balance of $244,750, according to Vanguard's annual "How America Saves" report. The median balance was $87,571.

The average American aged 55 to 64 may have less in savings than ... Here's what the average 401(k) balance looks like for those closest to retirement age, plus one simple way to save more.

Among those aged 55 to 64, the average account balance is $244,750 ... According to the report, the median 401(k) balance in this age group is just $87,571. While $87,000 is still a healthy ...

To this end, here's a look at the average 401(k) balance for Americans between the ages of 55 and 64. That's an important age bracket to study. It's not yet at the very end of your opportunity to ...