Median retirement savings for households aged 45-54 with accounts stands at $185,000, per Federal Reserve survey data.
Households aged 45 to 54 have an average retirement savings balance of $313,220, according to Federal Reserve data from the Survey of Consumer Finances. The figure reflects growing prioritization of retirement planning as individuals approach their later working years.
The median savings balance for the same age group, which reduces distortion from high-net-worth individuals, is $185,000. This gap highlights disparities in retirement preparedness, as wealthier savers inflate the average.
Retirement needs vary widely, but the data provides a benchmark for assessing financial readiness in the decade before typical retirement age.