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Average 401(k) Balance by Age (2023 Edition)

Are you doing better than the average American at saving in your 401(k)? 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)
The average 401(k) balance of Americans in every age group
How much you need to be investing each month in order to reach millionaire status by age 65

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Categories

Investing, Retirement

Tags

401(k), 401k by age, personal finance

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

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