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

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.

Gen Z believe that the retirement age should be around 61 years old, while the current U.S. average is between 64 and 66.

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

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 ...

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.

The average worker expects to need around ... While that's a worryingly low number, considering those aged 55 to 64 are closing in on retirement age, there's one trick that could supercharge ...