claim: "the average 401(k) in america of a person who's 60 years old is under $100,000."
author: gina raimondo
evidence_1: oct 10, 2016 ... living in retirement in your 60s · should i reverse mortgage my .... for example,  the average 401(k) balance of someone who has ... $100,000 or more ... in 30  years -- and that doesn't even include the effect of future 401(k) ...
evidence_2: the average 401k balance for 55-64 year olds is roughly $178,000. ... to the us  census bureau, the median 401(k) balance per person should be closer .... high  end of the range for someone who has contributed for 13 years, my 401(k) is ...  high end of my 401k savings target of $2.5m and $5m by age 60 because in  2012, ...
evidence_3: jan 15, 2017 ... average americans' 401(k) contributions, by age and income ... for instance,  contributing $1,856 per year over a 40-year career into an investment returning a  hypothetical ... however, half of baby boomers have saved less than $100,000 for  retirement, including 37% who have saved less than $50,000.
evidence_4: the average 401(k) balance surpasses $100000 for the first time ever. ... based  on the investment company institute (ici), 51 million american workers ... the  average person is saving less than 10% of their income and buying cars .... 401k  had gains of about 23% last year and my roth ira had gains of about 28% lat  year.
evidence_5: jun 26, 2018 ... for most of us, the 401k is an employer-sponsored plan that allows you ... that is  staggering given the number of employees who have access to one (59% of  americans). ... you contribute $8,000 to your 401k after the first year, then from  the .... chart for someone aged 35 (the average age of an american).