|average retirement savings age 58||1.23||0.3||4716||86|
|average retirement savings age 68||1.36||0.6||4964||84|
|average retirement savings age 59||0.65||0.7||2209||28|
|average retirement savings by age 58||0.34||0.5||2117||23|
|average retirement savings at age 58||1.42||0.3||6839||100|
|average retirement savings age 66||0.11||1||9138||27|
|average retirement savings at age 68||0.96||0.9||4368||73|
Ages 50-59. Average 401(k) balance: $174,100 . Median 401(k) balance: $60,900 . This group has hit the age at which catch-up contributions are allowed by the IRS: Participants age 50 and older can contribute an extra $6,000 a year in 2019. Jan 3 2020What is the average retirement savings in the US?
In 2019, the average retirement account savings for American households was $65,000. The average American under 35 has $13,000 saved for retirement. 62% of Americans aged 18 to 29 have some retirement savings, but only 28% percent feel on track for retirement. 55% of non-retirees have a 401 (k) or 403 (b) while 25% have no retirement savings.