How Much Should I Have Saved for Retirement by Age 50?
Is how Much Should I Have Saved for Retirement by Age 50 a hot topic right now? Read the full picture in our dedicated article.
The average 401(k) balance is $129,157, according to Vanguard's 2021 analysis of over 5 million plans. But most people don't have that much saved for retirement. The median 401(k) balance is significantly lower at $33,472, more reflective of how most Americans save for retirement.