average balance

401(k) Balances Hit Record High — $111,900 for Ages 50-54

Posted on 02/15/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsHere’s some good news.  Our retirement plan balances are rising, so maybe we actually can retire in relative comfort, provided we continue to save and save some more. A Fidelity Investments analysis of 401(k) plans showed that the average balance rose to a record high at the end of last year  — $77,300. That’s up from $69,100, a 12 percent increase from one year earlier. Workers 50-plus did even better. Here’s the average breakdown by age group as of the end …