How much money should I have in my 401(k)?

Average 401 (k) balance of ages 25–34: $33,272 (average); $13,265 (median) Average 401 (k) balance of ages 35–44: $86,582 (average); $32,664 (median) Knowing how other people stack up can help you figure out where you should be, but there aren’t any hard-and-fast rules about how much money you should have in your 401 (k) account at every age.

How much 401(k) should a 20 year old have?

Fidelity reports that individuals ages 20 to 29 have an average 401 (k) balance of $10,500. Those in their 30s have $38,400 on average. It recommends that by age 30, you should have an account balance equal to 1× your annual salary. How Much Should Someone in Their 60s Have in Their 401 (k)?

What is the average 401(k) balance?

Average 401 (k) balances hit a record high; here’s the average 401 (k) balance by generation and age as of June 30, 2024, according to Fidelity Investment’s “ Building Financial Futures ” report, which is based on the 24 million 401 (k) accounts it manages. (Note: the average 401 (k) balance was $127,100.) There's good news in this latest report.