Average 401(k) Balance by Age (2022 Edition): Are You Behind?

One of our favorite shows every year is our annual “401(k) By Age” episode. In this year’s edition, we’ll talk about basics of a 401(k), including new limits, employer matches, and vesting schedules, how many millionaires are created by 401(k)s, and of course the average 401(k) balance by age.

In this episode, you’ll learn:

• The basics of a 401(k)
• How many Americans are taking advantage of their employer match
• The financial power you’re leaving on the table when opting out of your 401(k)
• The average 401(k) balance of Americans in every age group
• How much you should have invested to become a millionaire

Research and resources from this episode:

• Here’s how much Americans have saved in their 401(k)s at every age
• Building Financial Futures
• Personal Savings Rate
• One-Third of American Workers Are Leaving Free Money on the Table
• How America Saves 2021 – Vanguard
• Building Financial Futures
• Work with us

Enjoy the Show?

• Sign up for the Financial Order of Operation (FOO) Online Course!
• Sign up for our Know Your Number Course!
• Check out our Net Worth Tool!
• Get FREE downloads full of financial advice from our Resource Page!
• Subscribe on YouTube or wherever you listen to podcasts.