The median balance for people just getting started in their careers is $1,948. That means half of 401 (k) plan participants ...

While Vanguard's newly released "How America Saves" yearly report reveals that Americans' 401 (k) savings rates are at record highs — making up an average $148,153 balance and a median $38,176 balance ...

The average 401(k) balance is $134,128, according to Vanguard's 2024 report. Comparing average 401(k) benchmarks can help you fine-tune your retirement planning strategy.

To help you better prepare for retirement, we’ve compiled an analysis of the average 401(k) balances by age. An employer-sponsored 401(k) plan is your best tool for retirement investing.

Average 401(k) balance: $558,740 Median 401(k) balance: $247,338 At this point, you are eligible for catch-up contributions, which increase your total contribution limit by $7,500 to $30,500 in 2024.

The report includes a breakdown of account balances among Vanguard 401(k) participants, separated by age. Among all workers across generations, the average 401(k) balance is $134,128, according to ...

While individual needs may vary, here’s a look at the average 401(k) balances by age according to Fidelity’s 2023 data: Average Age. Average 401(k) Balance. 20s. $17,700. 30s. $56,200. 40s.

Knowing what others have saved in their 401(k)s may provide a benchmark for your savings. After learning the average 401(k) balance by age, use it to guide your efforts.

Here's the average 401(k) balance for retirees age 65 and older. While the average 401(k) balance across all age groups stood at $134,128 at the end of 2023, it's those 65 and older who lead the pack.

Source: Vanguard, “How America Saves 2025” Age 25 and younger. Average 401(k) balance: $6,899. Median 401(k) balance: $1,948. The median balance for people just getting started in their ...

Average 401(k) balance by age Average 401(k) balances dipped slightly (-0.5%) in the final three months of 2024 after hitting a record high in last year’s third quarter, according to Fidelity ...

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 .