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Apex Trader Funding (ATF) - News

The Median 401(k) Balance For Any Age Is Much Lower Than Expected: Many Over 50-Year-Olds Have Barely Enough For A New Car

When planning for retirement, many Americans rely on their 401(k) savings as a key component of their financial strategy. However, recent data suggests that the median 401(k) balance is much lower than many people might expect. According to a report from Vanguard titled "How America Saves 2023," the average 401(k) balance varies significantly by age group. According to Vanguard's data, here are the average and median balances: Age Average Account Balance Median Account Balance Under 25 $5,236 $1