The Average 401(k) Balance for Americans Ages 65 to 69 May Surprise You
It's probably not the number you expect.
Overview
If you're approaching retirement, you've probably wondered whether you've saved enough. While everyone's situation is different, it can be helpful to see how your nest egg compares to those of other Americans.
The average 401(k) balance for workers ages 65 to 69 is $258,800, according to Fidelity. At first glance, that may sound like a healthy amount of money. But once you translate that balance into annual retirement income, the picture changes considerably.
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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.