Folks well into retirement are preserving a significant portion of their nest egg, with an average savings of $462,410 for those 75 and older. Despite some retirees having seven-figure savings, the median balance for this age group is $130,000. Social Security benefits add to retirement income, with 75-year-olds receiving an average of $2,084.92 per month. It’s essential to maximize savings for a comfortable retirement.

Read more at Yahoo Finance: This Is the Average Retirement Savings for People Aged 75 and Older