How You Compare
401(k) Savings Benchmarks by Age
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Calculate Your Future →Frequently Asked Questions
How much should I have in my 401(k) at 40?
Financial experts recommend having 3x your annual salary saved by age 40. If you earn $80,000, aim for $240,000. This guideline comes from Fidelity's retirement savings milestones.
What if I'm behind on retirement savings?
Don't panic! Increase your contribution rate by 1-2% each year, take full advantage of employer matching, and consider catch-up contributions after age 50. Many people successfully catch up with consistent effort.
How much should I have in my 401(k) at 30?
The benchmark at 30 is 1x your salary. Earning $60,000? Aim for $60,000 saved. This gives compound interest decades to work in your favor.
What are Fidelity's 401(k) savings guidelines?
Fidelity recommends saving 1x salary by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67. These targets assume you'll need 80% of pre-retirement income annually.
What is the average 401(k) balance by age?
Averages can be misleading (skewed by high earners), but roughly: 30s: $40-50K, 40s: $120-150K, 50s: $200-250K, 60s: $250-350K. Median balances are typically 30-50% lower.