This Is the Average 401(k) Balance for Retirees Age 65 and Older

Before you clock out of your career for good, there are a few things you'll want to check off your list -- and your retirement savings is probably near the top. We dug into the average 401(k) balances for retirees age 65 and older to give you a better idea of how much Americans have saved. Spoiler alert: It's a far cry from the million-dollar target you often hear about. But remember, these numbers don't factor in what folks may have socked away in other retirement accounts.Image source: Getty Images.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. While that number isn't bad, it's not much to boast about if you don't have other sources of income lined up for retirement. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool