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As you approach 60, retirement is on the horizon. The average retirement age is 61, but many Americans work into their late 60s and beyond.
It’s crucial to assess your retirement savings as you near your 60s. Knowing where you stand is essential as you near the end of your career. Below, you’ll find data on the average 401(k) balance and tips on how to save more if needed.
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The average 60-year-old’s 401(k) balance
The average 60-year-old has $70,000 to $210,000 in their 401(k). The range is wide due to varying sources:
Vanguard reported that Americans ages 55 to 64 have a median 401(k) balance of $70,620 and an average balance of $232,710 in How…
2024-03-23 19:00:12
Source from finance.yahoo.com