Bullitt
Well-known member
I'd say anybody on a site like this is probably better off than their 'average' peers. This is a good benchmark, but remember, everybody has different goals and needs in retirement. Somebody living off $100k a year will have less needs than someone making $250k a year. Also, those later in life who were avid savers will skew the average numbers heavily.
Either way you slice it, it's a pretty sad state of affairs. Problem is most have nobody to blame but themselves for their poor money decisions. I'm not impressed by the under 25 and 25-34 crowds who claim to be raking it in on RobinHood and living the FIRE life.
By age:
By income:
https://www.businessinsider.com/per...401k-balance#average-401(k)-balance-by-gender
Either way you slice it, it's a pretty sad state of affairs. Problem is most have nobody to blame but themselves for their poor money decisions. I'm not impressed by the under 25 and 25-34 crowds who claim to be raking it in on RobinHood and living the FIRE life.
By age:
| Age | Average 401(k) balance | Median 401(k) balance |
| Under 25 | $4,236 | $1,427 |
| 25 to 34 | $21,970 | $8,126 |
| 35 to 44 | $61,238 | $22,123 |
| 45 to 54 | $115,497 | $40,243 |
| 55 to 64 | $171,623 | $61,738 |
| 65 and up | $192,887 | $58,035 |
By income:
| Annual income | Average 401(k) balance | Median 401(k) balance |
| Less than $15,000 | $15,843 | $1,376 |
| $15,000 to $29,999 | $10,283 | $2,678 |
| $30,000 to $49,999 | $22,679 | $6,909 |
| $50,000 to $74,999 | $54,588 | $21,359 |
| $75,000 to $99,999 | $92,596 | $41,507 |
| $100,000 to $149,999 | $137,058 | $61,635 |
| $150,000 and above | $193,130 | $76,448 |
https://www.businessinsider.com/per...401k-balance#average-401(k)-balance-by-gender
