Skip to site content
The Show

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

Enjoy the Show?

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.

Related Content

Free Resources

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource

Are You a Prodigious Accumulator of Wealth?

Is your net worth on-track for retirement? A Prodigious Accumulator of Wealth (PAW) has twice or more than the expected…

View Resource

Articles

I Have a Lot of Money, but I Don’t Feel Wealthy!

, ,

Read More

How To Invest for Retirement the Right Way

, , ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

When Always Be Buying Goes WRONG

When Always Be Buying Goes WRONG!

Watch Now

Financial Advisors React to Horrible Tax Advice on TikTok

Watch Now
2025 Tax Changes

2025 Tax Changes You Can’t Afford to Ignore!

Watch Now