Median Retirement Savings By Age 2024. It reflects the savings habits of high earners who might save closer to the $23,000 annual limit for 2024 as well as the very low or zero balances of other participants. Those 55 to 64 have an average of $408,420, while those 65 to 74 have $426,070 saved.
For instance, the median savings of those aged 35 to 44 is $45,000. The average 401 (k) balance for retirees age 65 and older is $272,588, according to vanguard’s analysis of nearly 5 million accounts at the end of 2023.