Just what these people need, a financial down turn.
Median Retirement Savings By Age
According to the latest Survey of Consumer Finances (SCF) by the Federal Reserve, the median retirement savings by age in the U.S. is as follows:
Federal Reserve SCF Data
Age range
Median Retirement Savings
Americans younger than 35
$13,000
Americans aged 35-44
$60,000
Americans aged 45-54
$100,000
Americans aged 55-64
$134,000
Americans aged 65-74
$164,000
Americans aged 75+
$83,000
Vanguard's report also includes median retirement savings by age numbers:
Vanguard: "How America Saves 2022" Data
Age range
Median Retirement Savings
Under age 25
about $1,800
Ages 25-34
about $14,100
Ages 35-44
$36,100+
Ages 45-54
$61,500+
Ages 55-64
$89,700+
Ages 65+
$87,700+