401 k balances for people in their 40s and 50s how do you compare

These numbers are from vanguards retirement savings statistics from the. Each year, vanguard collects data from approximately 5. Ai-generated content sometimes contains inaccurate or incomplete information. · see average and median 401 ( k ) balances by age using 2025 empower data, plus 2025 contribution and catch-up limits and a savings growth illustration. Yahoo is using openai to generate summaries for this content. Depending on age, the average 401 ( k ) account balance ranges between roughly $7,000 and $300,000, but median balances are much lower. Click on a trending topic to learn more about it. Retirement investors should have at least one year’s. · the following chart shows the average 401 ( k ) balance by age, along with the median 401 ( k ) balance by age. · discover how 401 ( k ) balances in your 40s and 50s stack up and learn smart strategies to grow savings, such as catch-up contributions and health savings accounts (hsas). That way, you can compare your retirement savings with people who have been working and saving for about the same amount of time as you. Average balances rise with age, but most people still fall short of early retirement needs. · check out the average 401 ( k ) balance by age and income level to see where you stack up when it comes to your retirement savings. Experts warn that retiring early requires higher savings, careful planning, and extra money outside a 401 ( k ). · many americans in their 40s and 50s are checking their 401 ( k ) savings as retirement feels closer. To get a sense for how you re doing compared to other people , you may want to look at the average retirement savings by age.