Average 401(k) Balance by Age

The good news is that Americans have been making an effort to save more. According to Fidelity, the investment firm/brokerage that administers more than $5 trillion in assets, the average 401(k) plan balance reached a new all-time high of $92,500 in 2016 – up $4300 from a year ago.

 

What should you aim for, savings-wise? Fidelity has some pretty concrete ideas. By the time you’re 30, the company calculates you should have saved half of your annual salary. If you make $50,000 on your 30th birthday, you should have $25,000 banked for retirement.

 

By age 40, you should have twice your annual salary.

 

By age 50, four times your salary;

 

By age 60, six times, and by age 67, eight times. If you reach 67 years old and are making $75,000 per year, you should have $600,000 saved.

 

 

Get your Free Retirement Guide today ! 

5 Branch Offices:

 

San Fran: 1550 Noriega St Suite 100, SF, CA 94122

 

San Jose: 4320 Stevens Creek Blvd, Suite 191

 

Fremont:

42808 Christy St, Suite 112

 

Oakland: 638 Webster St Suite 420 (Mon~Wed~Thur)

 

Sacramento: 6540 Stockton

(Mon~Tue by apptmt only)

 

Tel: 1-888-746-6688

         415-661-3885

 info@health-plans.com

 

Make Appointment

 

Submit contact form

Medicare 聯邦紅藍卡

Retirement Planning 

Seminars 免費講座 

時間有限! 請立即報名!

 

Sign Up or by phone

Recommend this page on:

Platinum Services

Discover why so many clients insured with us.

Learn more.

Print Print | Sitemap Recommend this page Recommend this page
© eHealth-Plans Inc. / Amazing Wealth Insurance Agency 2005-2017