This Is the Average 401(k) Balance for Ages 55 to 64
Comparing your retirement nest egg to another investor's savings isn't always a meaningful -- or even fair -- exercise. Different people earn and save their money at different rates. And not everybody needs the same amount of retirement income once they start living off their savings.
Still, a comparative benchmark can confirm that you're on track or perhaps indicate you could be doing more.
To this end, here's a look at the average 401(k) balance for Americans between the ages of 55 and 64. That's an important age bracket to study. It's not yet at the very end of your opportunity to sock money away. However, in most cases, it's getting close to that point in time.
Source Fool.com
