Retirement Net Worth: How Your Savings Compare to the Average Retiree

Core Insights - Americans believe they will need $1.26 million to retire comfortably, but many are not saving enough and over half expect to outlive their savings [1][2] Retirement Savings Data - Average retirement savings vary significantly by age, with median savings often being much lower than average due to the influence of ultra-high-net-worth individuals [5][6] - The average and median retirement savings by decade are as follows: - 20s: Average $115,162, Median $36,812 [6] - 30s: Average $249,774, Median $91,128 [6] - 40s: Average $545,424, Median $213,645 [6] - 50s: Average $970,570, Median $441,611 [6] - 60s: Average $1,148,441, Median $539,068 [6] - 70s: Average $994,140, Median $432,043 [8] - 80s: Average $787,424, Median $326,960 [8] Investment Vehicles - Many individuals contribute to various savings vehicles that are not exclusively for retirement, such as 401(k)s, IRAs, taxable brokerage accounts, and health savings accounts [3][7]