Cover of The $134,000 Average 401(k): The Balance Most Retirees Actually Have

The $134,000 Average 401(k): The Balance Most Retirees Actually Have

The $134,000 Average 401(k): The Balance Most Retirees Actually Have

Listen for free

View show details

Season's Savings | 0.99 €/month for 3 months

5.99 €/month thereafter - terms apply. Cancel monthly.
Summary
 Vanguard puts the average 401(k) balance at about $134,000, but the median is only about $35,000, and both fall far short of the common guideline of saving ten times your salary by 65. Cashing out small accounts when changing jobs is one of the costliest leaks, since a few thousand dollars left alone for 30 years at a 7% return would grow to more than $20,000. General education, not personal financial advice.
adbl_web_anon_alc_button_suppression_t1
No reviews yet