Here are the average retirement account balances by ages, according to a Survey of Consumer Finances.* This chart clearly demonstrates that most Americans are not saving nearly enough for retirement. Fortunately, you do not have to be average. Working with your financial professional is your best chance of developing a realistic savings strategy that works for you.
AGE GROUP AND THEIR AVERAGE RETIREMENT SAVINGS
- Under 35: $13,000
- 35-44: $60,000
- 45-54: $100,000
- 55-64: $134,000
- 65-74: $164,000
- 75 and up: $83,000