Trump Said Your 401(k) Is Up $30K — How To Tell If Your Retirement Savings Are Actually on Track

During his Feb. 24 State of the Union Address, President Donald Trump said the typical 401(k) balance has risen at least $30,000 since he took office. While Fidelity puts actual growth at just over $14,000, from an average of $131,700 in the fourth quarter of 2024 to $146,400 in the fourth quarter of 2025, comparing your savings to the average account balance actually tells you very little about whether or not your retirement savings are on track. Find Out: How the Average Retirement Account Compares to t ...