Is Your Retirement Nest Egg Above Average? Here’s What People Have In Their 401(k) And IRA at Each Age

If the passing of your summary makes you feel that everyone exceeds 401 (k), stirring houses, and buying gold bars “only for fun”, you are not alone. But the latest retirement report on Fidelity provides an examination of the reality that affects the need: Most people do not wander in early retirement-they are trying to stay on the right track.

Fidelity Q4 2024 data offers a wide -angle look at more than 24.5 million participants in 26,700 corporate retirement plan. Although it does not calculate the savings in the mediation accounts, real estate, or that dusty jar of money in your kitchen staircase, it is a strong snapshot of how Americans prepare for retirement.

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Below, how the average balance of 401 (K) and Ira actually ranges through generations – and what it might say about your retirement game.

• Average 401 (K): 249,300 dollars

• Irish Republican Average: $ 257,002

• Total: 506,302 dollars

Boomers clearly are the farthest-but even after decades of workforce, most of them do not search for seven-numbers balances. Their average savings rate is solid at 11.9 %, in addition to 5 % of employers. However, with retirement, it may last 20-30 years, it is not exactly “leave-all of which are grandchildren”.

• Average 401 (K): 192300 dollars

• Irish Republican Average: 103,952 dollars

• Total: 296,252 dollars

Often the “forgotten middle child” is called the mixture of generations, General Xers faces a moment now or at all. Many tuition fees in the college, elderly mothers, and their retirement dreams – with a little less than $ 300,000, is real pressure.

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• Average 401 (K): 67,300 dollars

• Irish Republican Average: $ 25,109

• Total: 92,409 dollars

Although they are deep in the years of their earning, the millennial generation is still caught. Student debt, housing costs and the beginning of the late profession did not help. Good news? Their shareholding rates are climbing-18.3 % have gone to Roth 401 (K) S, and more than 70 % use the target date boxes.

• Average 401 (K): 13500 dollars

• Irish Republican Average: 6,672 dollars

• Total: 20,172 dollars

Just start, Gen Z does not break any records – yes. But do not sleep on them: 81.5 % invest in the target date boxes and about one in every five who already contribute to Roth 401 (K). In addition, the average savings rate-7.2 %-shows that they are thinking in the long term in a long time of most generations.