This is the average 401 (k) balance for every age group According to Fidelity's data from the second quarter of 2024, here is the average 401 (k) balance for people of different ages: Gen Z: $12,000 ...

The average 401 (k) balance for 50-year-olds provides a helpful benchmark for retirement planning, but the numbers vary by plan provider. Your 401 (k) balance is influenced by several factors ...

The amount you should contribute to a 401(k) depends on your savings plan and whether your employer matches contributions. Here's how all that ties together.