In today’s video we’re discussing the average 401(k) balance by age group and why this info matters to you.

2021 Vanguard How America Saves Survey:

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These stats will come from the 2021 Vanguard How America Saves Survey.
Average 401(k) balance of ages under 25: $6,718 (average); $2,240 (median)
Average 401(k) balance of ages 25–34: $33,272 (average); $13,265 (median)
Average 401(k) balance of ages 35- 44: $86,582 (average); $32,664 (median)
Average 401(k) balance of ages 45–54: $161,079 (average); $56,722 (median)
Average 401(k) balance of ages 55–64: $232,379 (average); $84,714 (median)
Average 401(k) balance of ages 65 and older: $255,151 (average); $82,297 (median)
So, where do you stand? Are you saving enough? Leave a comment below….(read more)

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