” A combination of investment gains and worker contributions helped push the average amount stashed in a 401(k) to its highest level ever by the end of 2012, according to the latest Fidelity Investments analysis of the retirement-savings plans it manages.
But the average, while 12% higher than a year earlier, totals just $77,300, according to Fidelity’s data, which covers 12 million participants. That is a fairly dismal sign that there are some difficult retirement years ahead for many savers.
Still, that overall average balance counts savers young and old, so presumably many of those people have years of contributions ahead of them.
Meanwhile, for workers aged 55 and over, the average balance is $143,300. Not so great, but there is a chance these savers have other workplace plans or IRAs not covered by Fidelity’s data…..”
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