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Retirement Savings - The average 401(k) balance for individuals in their 60s reached $568,040 as of June 2025 [1] - The median 401(k) balance for individuals in their 60s was significantly lower, at $188,792 as of June 2025 [1] Financial Planning - The report suggests strategies for individuals in their 60s to improve their retirement savings if they are below their desired level [1]