Fidelity Investments Average Account Balance Insights for Retirement

Fidelity's average account balance for retirement accounts is a staggering $120,000.

Retirees with 401(k) plans have a median account balance of $80,000, while those with IRAs have a median balance of $50,000.

The average 401(k) balance for workers aged 55-64 is $114,000, while those aged 65 and older have an average balance of $73,000.

The average 401(k) balance was $137,800 in the second quarter of 2025, marking an 8% increase from both the previous quarter and the second quarter of 2024.

Fidelity's breakdown of the average 401(k) balance by age is a telling statistic. The average balance for those under 25 is just $6,899, while it's $271,320 for those between 55 and 64.

The median 401(k) balance is $38,176, which means half of people saved more, and half saved less. This number is significantly lower than the average balance of $148,153.

Here's a breakdown of the average 401(k) balance by age, according to Fidelity:

The average 401(k) savings rate reached 14.2% in the second quarter of 2025, down slightly from the record 14.3% in the previous quarter.

The number of 401(k)-created millionaires at Fidelity increased by 9.5% (544,000) from Q2 (497,000). They have an average balance of $1.616 million, up from $1.595 million in Q2.

These individuals have been contributing to their account for 25.7 years and have a total savings rate of 17% of their income. Starting early and contributing consistently over many years is key to reaching this level of retirement savings.

To put this in perspective, IRA-created millionaires increased by nearly 5% (418,111 vs. 398,594). This is a testament to the power of long-term investing and consistent contributions.

Here's a breakdown of the number of 401(k) millionaires at Fidelity: