401k by age

Top 10 401k Balance

Top 10 401k Balance   Top 10 Average 401(k) Balances in the U.S. The average 401(k) balance varies significantly based on age, income, and years in the workforce. Below is a breakdown of how these balances look for different age groups and some insights into trends that influence retirement savings: Under 25: Average Balance: $7,351 Median Balance: $2,816 Many young workers have just begun contributing to their retirement accounts, resulting in relatively modest balances. Early participation is encouraged, especially if…