This Is the Average 401(k) Balance by Age. How Do Your Retirement Savings Stack Up?

Core Insights - Investing in a 401(k) is a straightforward and effective method for retirement savings, but determining if savings are adequate can be challenging [1] - Retirement savings goals vary by individual, making it useful to understand average 401(k) balances across different age groups [1] Average 401(k) Balances - Vanguard's 2025 report reveals significant differences between average and median 401(k) balances, with the median often providing a more accurate representation of typical savings [3] - The average and median 401(k) balances by age group are as follows: - Under 25: Average $6,899, Median $1,948 [4] - 25 to 34: Average $42,640, Median $16,255 [4] - 35 to 44: Average $103,552, Median $39,958 [4] - 45 to 54: Average $188,643, Median $67,796 [4] - 55 to 64: Average $271,320, Median $95,642 [4] - 65 and older: Average $299,442, Median $95,425 [4] Retirement Savings Guidelines - Financial planners generally recommend saving enough to cover approximately 80% of pre-retirement income, suggesting a need for adjustments based on individual circumstances [6] - Factors such as cost of living and desired lifestyle can significantly influence retirement savings needs [7] - Additional income sources, like Social Security, should also be considered, with the average retiree receiving about $2,071 per month in benefits as of December 2025 [8]