Retirement savings data reveals average 401(k) balances for younger workers, highlighting disparities between age groups.
Younger workers under 25 have an average 401(k) balance of $7,259, while those aged 25 to 34 hold $50,261, according to Vanguard’s 2026 report. The figures reflect varying career stages and income levels among participants in employer-sponsored plans.
Fidelity’s data aligns closely, reporting $7,700 for ages 20 to 24 and $51,700 for those 30 to 34. Both firms note the averages include a broad spectrum of savers, from recent entrants to higher earners.
The numbers underscore the challenges younger workers face in building retirement savings amid shorter tenure and lower wages compared to older cohorts.