Vanguard average and median 401(k) balances...I mean, wow.

| Register

Upvote this post.

Downvote this post.

Author: NedoftheHill (44627 Posts - Joined: Jun 29, 2011)

View All

Average: $148,153

Median: $38,176

Amazingly, people actually turn down 401(k) matching contributions from their employers. Free money. WTF?

Thank goodness for social security, right? That will always be there.....

Link: MarketWatch: Does your 401(k) balance stack up against the new national average?

This message has been edited 3 time(s).

Evil preaches tolerance until it is dominant, then it tries to silence good.

Vanguard average and median 401(k) balances...I mean, wow. [LINK] - NedoftheHill - 9:32pm 6/24/25 (12) [View All]
- Unless the law changes, if you are 50+, catch-up contributions have to be Roth in 26 - LanceManion - 6:27am 6/25/25
  - We are not a nation of savers - WoodstockIrish - 8:03am 6/25/25
    - At even the highest payment rate, if you get individual SS at 62, it is around $2800.month. - LanceManion - 11:48am 6/25/25
      - You need 401K plus maxxing out Roth in your 20s to have a decent retirement in your 60s. - iairishcheeks - 4:05pm 6/25/25
      - Not smart taking it at 62..it goes up 8% each year you wait. - WoodstockIrish - 3:15pm 6/25/25
        Yes and no. - jakers - 12:37pm 6/27/25
        
        If I was 62 I'd take it and invest it in crypto. - iairishcheeks - 8:57pm 6/25/25
        
        Agree. Waiting is the way to go. [NT] - LanceManion - 3:24pm 6/25/25
    - At age 63, Social Security and home equity is all my wife and I have - MarkHarman - 11:08am 6/25/25
      - Sorry to hear that [NT] - WoodstockIrish - 3:15pm 6/25/25
      - If you ever do a reverse mortgage, try to do it when interest rates are low. Higher rate means - LanceManion - 11:44am 6/25/25
- Thanks for posting this…kids in H.S., and certainly in college need to understand that basic concept - TyroneIrish - 10:23pm 6/24/25