The average balance is quite a bit higher ... Be sure to include health care expenses in your calculation. Another popular method is known as the 4 percent rule. This method calls for withdrawing ...

To calculate your credit card interest using the average daily balance method, divide your annual percentage rate by 365 to determine the daily interest rate. Every day that you carry a balance ...

Continue » Data source: How America Saves 2024, Vanguard. The average balance for 45- to 54-year-olds is $168,646, but the median is just $60,763. That median is arguably more informative ...

Learn More » First, although the average is nearly $245,000, the median 401(k) balance among this age group is $87,571. I'll spare you the math lesson, but a median this far below the average ...

But how have Americans done with investing in their 401(k) accounts? Check out the average 401(k) balance by age and income level to see where you stack up when it comes to your retirement savings.

According to Vanguard's annual report, the average 401(k) balance across all age groups is $134,128. Comparing average 401(k) benchmarks can help you fine-tune your retirement planning strategy.

The average IRA balance for all ages at the end of the fourth quarter of 2024 was $127,534, up 8% from a year ago, according to Fidelity Investments’ analysis of 16.8 million IRA accounts.

Their average 401(k) balance is around $59,800. People in their late-30s and early-40s are accelerating their earnings and as such, should be aiming to maximize retirement contributions.

With that in mind, there are two big caveats. First, although the average is nearly $245,000, the median 401(k) balance among this age group is $87,571. I'll spare you the math lesson, but a ...