On the other hand, the median 401(k) balance for people in their 50s is $64,300, per Fidelity's data. Here's how much Americans have in their 401(k)s by age, according to Fidelity. And that's just among people who have 401(k) retirement investment accounts. Some 20% of adults ...
Integrity Pictures Inc | The Image Bank | Getty Images The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for...