Here are just the number for all of you degenerates who just want some milestones for your spreadsheets.
Average total retirement savings by age:
- <35 - $49,130
- 35-44 - $141,520
- 45-54 - $313,220
- 55-64 - $537,560
- 65-74 - $609,230
-
=75 - $462,410
Average 401k balance by age:
- <25 - $5,236
- 25-34 - $30,017
- 35-44 - $76,354
- 45-54 - $142,069
- 55-64 - $207,874
- 65 and older - $232,710
And retirement savings targets from various advisors:
Fidelity:
- 1x by 30
- 3x by 40
- 6x by 50
- 8x by 60
- 10x by 67
Rowley:
- 1x by 35
- 5x by 50
- 7x by 70
Anyway, do you like metrics like these?
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