The median 401(k) account balance for Americans in their 50s is $60,900 as of the last quarter of 2023, per Fidelity data provided to CNBC Make It. The average account balance is $199,500, but a few larger account balances can skew the average to be higher. Here's how much American...
401(k) Plans and Tax-Deferred Savings This paper examines the role of 40 1(k) plans in retirement saving by U.S. households. It charts the rapid growth of these plans during the 1980s; more tha... Poterba, J.M.,Venti, S.F.,Wise, D.A. - 《Nber Working Papers》...