How much does the average person save in their 401 K?

How much does the average person save in their 401 K? Based on its analysis in 2021, the average 401(k) balance was $129,157 in 2020, up from $106,478 in 2019. However, averages varied substantially by age. The table below shows the average and median balances for individuals in different age groups. Data source: How America Saves, Vanguard.

Based on its analysis in 2021, the average 401(k) balance was $129,157 in 2020, up from $106,478 in 2019. However, averages varied substantially by age. The table below shows the average and median balances for individuals in different age groups. Data source: How America Saves, Vanguard.