Average 401(k) balances for ages 35-44 vary widely, with a median balance of $35,537.

From Nasdaq: 2025-02-24 07:30:00

The average 401(k) balance for individuals aged 35-44 is $91,281, according to Vanguard’s 2024 report. However, Fidelity reports an average balance of $586,100 for those saving for 15 years. The median balance is $35,537, indicating a wide range of savings levels. It’s crucial to start early and consider individual retirement goals for financial planning. Social Security secrets could also provide a significant boost to retirement income, potentially adding $22,924 per year. Understanding these strategies can lead to a more secure retirement. Remember, individual circumstances vary, so personalized planning is key.



Read more at Nasdaq: This Is the Average 401(k) Balance for Ages 35 to 44