Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
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How to Plan for Retirement
The average 401k balance for someone in their 50s and 60s is about 179. That's not enough, according to a Fidelity study. By the time you get to 60, you ought to have 8.1 times your income saved. "I don't know if 8.1 is going to be the number that's going to get you there," he says.
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