“Average 401(k) Balance by Age”
April 7, 2020
“Ages 20-29
- The average 401(k) balance was $11,800
- The median 401(k) balance was $4,300
- The average contribution rate was 7% of compensation
Ages 30-39
- The average 401(k) balance was $42,400
- The median 401(k) balance was $16,500
- The average contribution rate was 7.8% of compensation
Ages 40-49
- The average 401(k) balance was $102,700
- The median 401(k) balance was $36,000
- The average contribution rate was 8.5% of compensation
Ages 50-59
- The average 401(k) balance was $174,100
- The median 401(k) balance was $60,900
- The average contribution rate was 10.1% of compensation
Ages 60-69
- The average 401(k) balance was $195,500
- The median 401(k) balance was $62,000
- The average contribution rate was 11.2% of compensation…”
https://www.thestreet.com/retirement/401k/average-401k-balance?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
This is a article I found interesting. This is a way to see if your 401k is above or below average.