Here's how much the average American 60-year-old holds in retirement savings — how does your nest egg compare?


Olde Hornet

Well-Known Member

What’s the average?​

A Vanguard study found those between 55 and 64 held an average of roughly $256,000. But this includes high income earners; breaking the figures down, it shrinks to a median of about $90,000.

Interestingly, much has changed in even the short time since 2021, the source of figures for Vanguard’s study. Last year, Vanguard noted that retirement savings actually increased, thanks to strong performance in the stock market.

But of course since then, Wall Street’s woes have persisted for much of this year, as even otherwise strong stocks have been resoundingly punished.

Which means 2023 numbers may drop significantly — though with dollar cost averaging, people who stick it out and keep investing will be rewarded if the market returns to full strength
 
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