Are You on Track? Average 401(k) Balances by Age in 2025
What the Numbers Show
- Overall average balance: $148,153 in 2024—a 10% rise from $134,128 in 2023, according to Vanguard data.
- Growth amid volatility: Even with a slight dip in Q1 2025 to about $127,100, contributions remained strong as savers stayed the course.
📈 Savings by Decade
(End of 2024 figures, Vanguard)
- Under 25: Avg $6,899 | Median $1,948
- 25–34: Avg $42,640 | Median $16,255
- 35–44: Avg $103,552 | Median $39,958
- 45–54: Avg $188,643 | Median $67,796
- 55–64: Avg $271,320 | Median $95,642
- 65+: Avg $299,442 | Median $95,425
These averages are higher than medians, due to top savers skewing the numbers.
Why It Matters
- Understanding where you stand: If you’re in your 40s and saving just $100k, you’re near the national average—but well below where experts say you should be.
- Established savings benchmarks: Financial firms like Fidelity encourage having roughly 1× salary by 30, 3× by 40, and 6× by 50.
- Stay consistent through market swings: Even in Q1’s downturn, average savers stayed committed, illustrating long-term discipline .
What You Should Do
- Start early and contribute regularly: Even small contributions compound powerfully over decades.
- Maximize employer match: Always take advantage of matching contributions—it’s essentially free money.
- Catch-up if you’re 50+: You can add an extra $7,500 in 2025. Over time, that adds up significantly.
- Adjust as needed: If your balance is behind age benchmarks, consider increasing contributions, diversifying, or talking to a financial advisor.
