What Is the Average 401(k) Balance Held by People of Various Ages?

What Is the Average 401(k) Balance Held by People of Various Ages?

The mean 401(k) balance for Americans younger than 25 is $4,141, while for those 65 and older it is $208,158, as of 2015, shows The Motley Fool. The mean balance across all 401(k) accounts is $102,682. For retirees, $100,000 in savings yields about $4,100 per year in income.

Average 401(k) balances grow as workers age, shows The Motley Fool. Americans between 25 and 34 have mean 401(k) balances of $24,378, those between 35 and 44 have $65,767, those 45 to 54 have $124,287 and workers between 55 and 64 have $186,404. However, the mean exceeds the median in all age groups which indicates that high-income earners skew the mean balances up.