10 Mar 2024 9:57 am
There seems to be a large disconnect between how people feel they are doing ( 75% doing good or great according to OP) and the actual money they have.
https://www.empower.com/the-currency/li ... alance-age
The average 401(k) balance by age
Take a look at this chart showing the estimated average 401(k) balance by age.
Age Average 401(k) Median 401(k)
20s $74,460 $29,753
30s $160,517 $69,718
40s $344,182 $151,274
50s $558,740 $247,338
60s $555,621 $209,382
70s $417,379 $103,219
80s $385,783 $78,534
https://www.empower.com/the-currency/li ... alance-age
The average 401(k) balance by age
Take a look at this chart showing the estimated average 401(k) balance by age.
Age Average 401(k) Median 401(k)
20s $74,460 $29,753
30s $160,517 $69,718
40s $344,182 $151,274
50s $558,740 $247,338
60s $555,621 $209,382
70s $417,379 $103,219
80s $385,783 $78,534