What is the average 401(k) balance?

That’s likely at least partially a product of peak earning years. According to compensation research company Payscale, women hit their peak earnings on average at age 44. For men, that age is 55. Average 401 (k) balance: $168,646 Median 401 (k) balance: $60,763

When should you retire from a 401(k)?

The average age to retire is 65 for men and 63 for women, so it’s not surprising to see the average and median 401 (k) balance figures start to decline in people's 70s. Once you reach age 65, there are still several considerations for your retirement, even if you are no longer working and accumulating wealth.

What does the average 401(k) balance by age mean?

“What the (average 401 (k) balances by age) tells us is investors are not saving enough to afford a comfortable retirement,” said Anthony Ogorek, president and founder of Ogorek Wealth Management. Let’s also look at average 401 (k) balances by age band, which shows how much account holders have saved during each decade of their life.