The Average 401(k) Balance at Retirement

A 401(k) is a common form of retirement plan.
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A 401(k) is an individual retirement savings plan sponsored by an employer. Setting aside money in a 401(k) usually offers several benefits including matching employer contributions and savings at tax time. As of 2014, Fidelity Investments reports that the average 401(k) holder approaching retirement age -- 55 or older -- has $165,200 set aside in a plan.

Is It Enough?

While $165,200 is a healthy sum of money, it has to last a retiree for the rest of his life. In many cases, the average holdings may not be enough. Fidelity estimates that a retiree should have about eight times her ending yearly salary saved upon retirement. You can increase your 401(k) holdings by starting to save early, by making your maximum contribution every year and by not taking money out of the account before you retire. Delaying your retirement by a couple of years also increases your balance.