This Is the Average 401(k) Balance for Ages 35 to 44

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Heads up: You might find these numbers a little surprising.

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All told, retirement planning may not top your to-do list when you’re in your late 30s or early 40s. But here’s the deal: if you’re after a comfy retirement, you want to start squirreling away funds as early as possible to lighten the load later. Need a little nudge? Checking out how your peers are stacking their 401(k) balances could get you moving in the right direction.

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We’ve popped open the hood to show you how others are faring.

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Average 401(k) balance for workers age 35 to 44

By the end of 2023, the average 401(k) balance for those aged 35 to 44 clocked in at $91,281. Meanwhile, across all age groups, the average balance stood at $134,128. These nuggets of data come straight from Vanguard’s “How America Saves 2024” report, which delves into the retirement savings habits of nearly 5 million account holders.

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Here’s a peek at how other age groups are doing.

Age	Average 401(K) Balance	Median 401(K) Balance
Younger than 25	$7,351	$2,816
25 to 34	$37,557	$14,933
35 to 44	$91,281	$35,537
45 to 54	$168,646	$60,763
55 to 64	$244,750	$87,571
65 and older	$272,588	$88,488
All age groups	$134,128	$35,286

Data source: How America Saves 2024, Vanguard. Chart by author.

It’s no surprise that younger folks tend to have slimmer 401(k) balances than those heading into retirement. But here’s the eye-opener: the median 401(k) balance for those aged 35 to 44 sits at just $35,537, meaning half of these savers have less stashed away. The median can give you a better snapshot of the norm, while the average can be skewed by a few accounts with a lot of money in them.

Of course, your projected income and expenses in retirement are the numbers you need to pay attention to. Once you have a ballpark estimate, you’ll know if there’s more savings to do or if you’re on track to live the retirement you’ve dreamed of.

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