Average 401(k) plan balances reached $112,572 in 2022, down from $141,542 in 2021 and $129,157 in 2020.
Age 25 and younger…
- Average 401(k) balance: $5,236
- Median 401(k) balance: $1,948
Ages 25-34…
- Average 401(k) balance: $30,017
- Median 401(k) balance: $11,357
Ages 35-44…
- Average 401(k) balance: $76,354
- Median 401(k) balance: $28,318
Ages 45-54…
- Average 401(k) balance: $142,069
- Median 401(k) balance: $48,301
Ages 55-64…
- Average 401(k) balance: $207,874
- Median 401(k) balance: $71,168