Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
00:00
The Power of 401ks
The average 401k balance for someone in their twenties right now is $21,529. By the time you get to 30, so by the end of your twenties decade, you ought to have 1.2 times your annual income saved. If you start saving at 25%, you can replace 80% of your pre-retirement income by age 58 early.
Transcript
Play full episode
