Are Americans Saving Enough? New 2026 Data on 401(k) Balances by Age
How much you need to retire in comfort depends, in part, on how you'd like to spend your time. Here's how much others around your age have saved on average.
Overview
Given the current cost of living, saving for retirement is no easy task. And yet, it's clear that most retirees will need more than Social Security to comfortably get through retirement.
In March of this year, Fidelity Investments gathered data from 26,800 corporate defined contribution plans and 25.6 million participants to learn more about their average balance by age. Keep in mind, average balances tend to be higher than median balances because they include very high-income individuals. Here's what Fidelity learned:
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.