Retirement Milestone: The 401(k) Balance That Puts 65-Year-Olds Ahead of the Pack
If you are nearing retirement, the average 65-year-old has roughly $300,000 in their 401(k), but there's more to know than just that.
The average 65-year-old American has approximately $300,000 saved in their 401(k) account, according to the 2025 report from Vanguard titled "How America Saves." However, this figure does not tell the whole story. Those under the age of 25 have an average balance of about $7,000, while individuals aged 25 to 34 possess around $43,000 in their 401(k)s.
The 35 to 44-year-old bracket has a mean balance of $104,000, and those between 45 and 55 years old have nearly $190,000 saved. The 55 to 64-year-old group has just under $270,000 in their accounts. Only the 65-and-over age group surpasses this average, with a mean 401(k) balance of $300,000. If the goal is to surpass the average 401(k) savings, these figures represent the benchmarks to aim for.
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