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Average 401(k) balances by age show Gen X and Boomers lead, but many fall short of retirement savings targets.

Market News
11 Jun 2026
Fool - Investing News
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Fidelity's Q1 2026 data reveals average 401(k) balances by generation: Gen Z at $18K, Millennials $82.6K, Gen X $215.6K, and Boomers $260.3K. These averages provide a benchmark but don't capture total wealth including pensions or home equity. Fidelity recommends saving multiples of your salary by age, aiming for 10X by 67. Practical steps to improve savings include paying off high-interest debt, maxing out 401(k) contributions, and investing raises. Starting or increasing contributions now, even by 1%, can significantly impact retirement readiness over time.

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