The Stock Market Is Important Not Just for Retirement, but for Retirement

In the fourth quarter of 2021, the total amount of money in retirement accounts was about $40 trillion. The average American has $121,000 in a 401k, so that's average. There are a lot of $1 million 401k accounts out there, but those belong to people who are already in their 60s and facing a retirement. If you're living on that money currently, it's great news if you are a forced saver for the next 30 or 40 years.