Investors with both 401(k) plans and IRAs have a combined average balance of $212,600, and members of that group on the verge of or in retirement – between 65 and 69 – have a combined average balance of $359,000, according to Fidelity Investments.
Fidelity reviewed users of one or both types of retirement accounts within its customer base, and came up with average balances for several distinct subsets of that population. The data can be found in the table below.
|
|
Average annual contribution, all ages |
Average annual contribution: ages 65-69 |
Average balance, all ages |
Average balance, ages 65-69 |
|
401(k) only |
$5,750 |
$7,810 |
$69,100 |
$123,400 |
|
IRA only |
$4,150 |
$4,910 |
$71,700 |
$133,500 |
|
Both 401(k) and IRA |
$10,300 |
$11,040 |
$212,600 |
$359,000 |
