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Median 401k average by age
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Date: May 13th, 2025 10:49 PM Author: cobalt stage Under 25 - $2,800 25 to 34 - $15,000 35 to 44 - $36,000 45 to 54 - $61,000 55 to 64 - $87,000 Over 65 - $88,000
Per Vanguard's 2024 report
https://x.com/grok/status/1922262989551632557 |
Date: May 13th, 2025 10:51 PM Author: cordovan base sweet tailpipe how do people afford to live in this country? the math really doesn't work out. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928618) |
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Date: May 13th, 2025 10:52 PM Author: Plum bateful mediation boltzmann the math ain't mathing frfr (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928627) |
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Date: May 13th, 2025 11:24 PM Author: multi-colored obsidian party of the first part when gen x and beyond really start retiring en masse, there is going to be a legitimate crisis. assuming the world hasn’t already been upended by ai. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928760) |
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Date: May 13th, 2025 11:25 PM Author: at-the-ready vivacious address sandwich Most people have all cash bu$ine$$e$ and make bank while dumb lawyers pay 45% of their income in taxes and hand the rest over to their shrew wives (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928766) |
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Date: May 13th, 2025 11:41 PM Author: Sepia Codepig Meetinghouse Ouch (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928828) |
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Date: May 13th, 2025 11:25 PM Author: Razzle Sapphire Community Account https://xoxohth.com/thread.php?thread_id=5724466&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928768) |
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Date: May 14th, 2025 4:17 PM Author: iridescent property (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930819) |
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Date: May 13th, 2025 11:29 PM Author: soggy umber jewess These sites massively overestimate the cost of "retirement" - most older people
1. Have paid off or at least low mortgage homes
2. Get social security
3. Continue to work and have some income
4. Don't have dependents and have pretty low expenses
The idea that you need to have enough 401k to be able to match your current $300k salary for 30 years doing no work is just 401k propaganda. |
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Date: May 14th, 2025 8:50 AM Author: Plum bateful mediation boltzmann that might be true, but it makes sense that "they" would overstate what you need in retirement. but that is irrelevant to the OP. if someone is 50 years old and has $88k or whatever saved for retirement, they are in a very bad situation. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929307) |
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Date: May 14th, 2025 8:53 AM Author: heady rehab old irish cottage it depends largely on whether or not you own a house
my dad is worth negative dollars but the house is paid off and he basically has no expenses beyond food and medicine so he can completely live off social security |
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Date: May 14th, 2025 9:05 AM Author: Crimson hideous tanning salon Every prole I know regards SS as a retirement account. It’s ignominious but they have low standards and don’t care. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929341) |
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Date: May 14th, 2025 10:57 AM Author: Curious chapel and cost of living isnt changing as a result of manic QE during covid (a trend initiated in 2008) right?
groceries will still cost $100/wk in 20 years? |
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Date: May 14th, 2025 10:18 AM Author: 180 abusive office Cr. I know people that have very little cash and just use social security and reverse mortgage their house. You don't need to leave anything to your kids lmao (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929528) |
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Date: May 20th, 2025 7:39 AM Author: submissive passionate church The other thing I am always suspicious of with these statistics is that I suspect they don’t aggregate multiple accounts. The average office worker today has a 401k plus three different rollover Ira’s from prior jerbs often held by different custodians. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946574) |
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Date: May 20th, 2025 8:20 AM Author: lake well-lubricated station I feel like most people I interact with have vast amounts of generational wealth and then the rest just Yolo credit card it. Few people I know are like me and work for every penny they have and I feel stupid for choosing this route a lot of times. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946614) |
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Date: May 20th, 2025 8:52 AM Author: heady rehab old irish cottage thats cuz u gay (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946650) |
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Date: May 13th, 2025 10:51 PM Author: Beady-eyed walnut hairy legs range 401k = fraud (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928620) |
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Date: May 13th, 2025 11:20 PM Author: Galvanic cheese-eating hall national security agency wowza (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928726) |
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Date: May 13th, 2025 11:30 PM Author: Hyperventilating unholy garrison I’m mid-40s and I don’t even have a 401(k) (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928792) |
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Date: May 13th, 2025 11:50 PM Author: Appetizing cream background story mother Do you have 1,000,000k in Schwab or something (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928841) |
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Date: May 13th, 2025 11:54 PM Author: Cocky hissy fit gaping He has millions and millions and pretends to be poor as a schtick (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928843) |
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Date: May 13th, 2025 11:32 PM Author: yapping crotch theater Jfc why are people so poor. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48928804) |
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Date: May 14th, 2025 10:16 AM Author: Sepia Codepig Meetinghouse Maybe don’t elect politicians bought by billioniares? (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929524) |
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Date: May 14th, 2025 4:55 PM Author: brilliant ungodly bawdyhouse Jobs pay shit (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930956) |
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Date: May 13th, 2025 11:45 PM Author: Appetizing cream background story mother This stuff should be funded automatically and irrevocably and at the lower of like 17% of salary or 30k/yr. This way there’d be fewer destitute property support and Houses/Cars/mcdonalds wouldn’t be so inflated. Fuck “freedom.” Proles need to be RULED.
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Date: May 14th, 2025 9:11 AM Author: rose circlehead rigpig Is this a flame stat? Most people are going to roll their 401k into IRA's when they change jobs, so their 401k balance could be low even if they're millionaires. Or even if they just leave their old 401(k) in their old plan, instead of one person with 500,000 they may show up as a 300K and a 200K. We've done the scholarship on XO and everybody is a millionaire, so their net worth must be in something else. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929355) |
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Date: May 14th, 2025 9:46 AM Author: Marvelous Citrine Kitty Yeah, I have only about $150k in my current 401k, but I switched jobs about five years ago. But I have $450k in a former employer's 401k. (This employer pays some of my health care expenses in retirement, but I lose that benefit if I roll over my 401k. It doesn't make sense to me, either, but I didn't roll it over for that reason.) I also have about $400k in Roth IRA's (some of which is money I rolled over from 401k's when I was younger). My wife also has about $200k in Roth IRA's and another $100k in her 401k. So if you only look at one of our accounts in a vacuum, it looks like we are fucked, but if you combine all of our accounts, we are in pretty solid shape.
TLDR: Median retirement balances are meaningless because most people have multiple accounts. |
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Date: May 14th, 2025 10:19 AM Author: smoky hospital Lmao. Yeah the average Walmart worker has $450k in his old employers 401k. I make $200k a year which is shit yet there are plenty of people who make $80k. Even I have periods where I bought a house, etc where I lowered my 401k contribution to zero just to have the cash on hand. Lmao at a $80k employee having more in his 401k than $150k or so. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929531) |
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Date: May 14th, 2025 10:34 AM Author: rose circlehead rigpig You sound shit with money, if you make even just $200K you should at least be maxing 401(k), IRA, HSA, and iBonds every year. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929565) |
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Date: May 14th, 2025 10:49 AM Author: smoky hospital I have kids (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929611) |
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Date: May 20th, 2025 2:05 AM Author: rose circlehead rigpig ? Even if you have "kids" you are still eligible to contribute to the aforementioned accounts, friend! (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946382) |
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Date: May 20th, 2025 7:41 AM Author: submissive passionate church Cr (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946577) |
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Date: May 14th, 2025 10:25 AM Author: Appetizing cream background story mother Even if that were the case, it probably wouldn't affect the MEDIAN much imho. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929543) |
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Date: May 14th, 2025 10:34 AM Author: rose circlehead rigpig Sure it would, because they're looking at the median account, not how much the median account holder actually has. To do a super simplified example, if everybody has $300K in their 401(k), then the median is $300K. But if everybody has three 401(k)'s of $100K each, the median is $100K despite them all having $300K. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929564) |
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Date: May 14th, 2025 10:38 AM Author: Appetizing cream background story mother That wouldn't matter in the real data set imo. also it's easy to transfer 401ks. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929577) |
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Date: May 20th, 2025 2:53 AM Author: Free-loading Stimulating Locus yeah, every account he listed is over every single one of those medians above. so actually he and his wife helped boost the median like 6 times instead of 2 per his own analysis. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946402) |
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Date: May 14th, 2025 11:31 AM Author: Exhilarant hateful public bath puppy Here’s the report. I doubt what you’re saying has any impact. You can see in the data that the median length of time of participation is very short, the income subject to contribution (70k) not very high, and the amount that’s contributed each year is paltry (about a few thousand). Most people don’t start in a 401k job until they're practically mid-career and then they (and their employer) contribute next to nothing.
https://corporate.vanguard.com/content/dam/corp/research/pdf/how_america_saves_report_2024.pdf |
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Date: May 14th, 2025 12:22 PM Author: Appetizing cream background story mother What does this mean for Liberals like us? (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929937) |
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Date: May 14th, 2025 12:33 PM Author: Crimson hideous tanning salon (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48929971) |
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Date: May 14th, 2025 12:41 PM Author: heady rehab old irish cottage (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930019) |
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Date: May 14th, 2025 1:11 PM Author: Appetizing cream background story mother (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930135) |
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Date: May 14th, 2025 4:16 PM Author: iridescent property (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930817) |
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Date: May 14th, 2025 4:32 PM Author: Appetizing cream background story mother (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48930875) |
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Date: May 20th, 2025 2:54 AM Author: Free-loading Stimulating Locus even though the counterarguments ITT suck, I still believe those numbers are flame. anyone who has had even a remotely white collar job or proles who have blue collar jobs who work for big companies (e.g., Amazon warehouse drone) will have stocks away enough + have compounding returns over the years to be above the medians listed. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946403) |
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Date: May 20th, 2025 7:28 AM Author: Appetizing cream background story mother Most people contribute just enough to get the match if at all. And they’ll think they are shrewd and brag about it on reddit. Very few contribute anything between the contribution % required to get the match and the max of $23,000k/yr or whatever. The latter is OCI aces, shrewd Losers, and olds trying to play catchup. Also once poors figure out that 401k loans exist or that they can withdraw the money and pay a penalty, it’s over. |
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Date: May 20th, 2025 8:56 AM Author: amethyst elite stage giraffe 100% true and accurate post.
If only you knew how bad things really are. |
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Date: May 20th, 2025 9:21 AM Author: Crimson hideous tanning salon he does know obviously, as do I. IDK why people are pretending that there's some turnaround in the future of the US, it's utterly over. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946684) |
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Date: May 20th, 2025 7:50 AM Author: coral judgmental place of business I have no idea if they are counting people with no 401k in the average or by '401k' they mean literal 401k's and not other investment accounts (my literal 401k is only like $130k now because I rolled all my previous 401k's into IRA's.) so who the fuck even knows. But if they are counting no 401k mo's then that will drop the average pretty hard since rich people still have contribution limits. (http://www.autoadmit.com/thread.php?thread_id=5724688&forum_id=2],#48946588) |
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Date: May 20th, 2025 7:54 AM Author: Appetizing cream background story mother The numbers are usually e.g. from fidelity you idiot. It’s like Bank of America telling you the average account balance.
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