[ProtectOurFreedom]

I made the following table to cut to the chase for everybody so you don't have to read their garbage commentary. I also rounded to the nearest thousand to improve fast comprehension (I'm surprised they didn't include cents in their data).

Age Bracket	Average 401(k)	Median 401(k)
<25	7	3
35-44	91	36
45-54	169	61
55-64	245	88
>=65	273	88

Two things jump out at me:

1. There is a HUGE difference between the Average and Median savings. To skew the Average values that high, you need a lot of people who have saved 10X, 20X, 50X or more than the median.
2. Most people stop saving at age 55. Maybe that indicates lots of early retirements? Or people using their retirement savings early to pay for travel or a vacation home? I would have expected people older than 55 to really sock away the savings after the kids are gone, the mortgage is paid off (sometimes), people are debt free, and have no major expenditures.

[Skwor]

Ya the median is what actually matters here as that is what most will have. But utterly frightening is the average is so low even at 273K, that mans TONs of people basically have next to nothing for retirement!

I am at least 8 times the 65 average and own my house and still feel unsure about my retirement sometimes, geesh!

[edhawk]

Well these don’t take into account all of those that have $0, which is a lot.