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According to the Bureau of Labor Statistics, the average American annual wage across all occupations as of May 2023 was $65,470. That means the average retirement account at age 67 should be ...
What's the average retirement savings? We dug into the statistics to find out the average retirement savings by age, income, and more.
Americans reported a median retirement account value of $87,000 in the most recent SCF, but the median balance varied substantially between different age groups. Retirement savings may...
According to the Survey of Consumer Finances, the average retirement savings for all families was $333,940. Balances vary by age, with those 55+ having the most in their accounts.
What Is The Median Retirement Savings By Age? High and low savers can heavily skew average retirement savings. Some higher-income folks or super savers are likely bringing up the...
Below you'll find generalized retirement savings benchmarks by age and current salary that might let you retire comfortably, using broad assumptions about factors including taxes and spending preferences.
The latest SCF was conducted in 2022 and published in October 2023. American households reported an average retirement account balance of $333,940 and an average net worth of $1.06 million....
Below are estimated United States retirement savings statistics by age for 2023, from surveys conducted between 2022 and 2023 (the newest data we have until 2026). You'll find the average retirement savings by age, along with median, and top 1% of savings.
In 2023, American adults between 32 and 61 years old had on average $129,000.10 saved for retirement. Using an expansive definition, Americans averaged $310,792.90 in savings. The median American adult had $13,000 using a strict reading of retirement savings, and $29,000 with the more expansive definition.
On average, Americans have less than $89,000 saved for retirement. They think they’ll need $1.46 million. The 2024 Northwestern Mutual Planning & Progress study finds a widening gap between what people have and what they think they will need.