How Much Americans Have in Their 401(k)s By Age

As 401(k) contribution limits jump to $24,500 for 2026, a recent analysis reveals that while average balances are soaring toward record highs, the “median” reality tells a much different story for the average worker.

Today’s visualization shows the median (or average) cumulative value of workplace retirement savings across specific cohorts.

The data used in this article are sourced from Empower’s analysis of average 401(k) balances by age from the Empower Personal Dashboard as of October 2025.

It is a good basis to compare your current savings progress against peers. 

• The average 401(k) balance for Americans is $340,364, but it varies significantly by age.
• 401 (k) balances in the 30s and 40s can increase quickly, as most workers double their savings by age 40.