This Is the Average 401(k) Balance for Ages 45 to 54

How does your 401(k) balance compare to people age 45 to 54?

Considering how important a 401(k) is to millions of Americans' retirement income, it makes sense to wonder how your balance compares to those in your age range.

Based on a 2024 analysis by the investment company Vanguard, the average 401(k) balance for someone age 45 to 54 is $168,646.

Since averages can be skewed by extremes (both low and high), it's also worth noting that the median balance for those in that age range is $60,763.

How much should you be contributing to your 401(k)?

There is no set amount that everyone should contribute to their 401(k) because people's finances and retirement goals vary widely.

If you're a high earner with more disposable income, contributing a lot to your 401(k) could be feasible without jeopardizing your livelihood. If much of your income has to

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