This Is the Average 401(k) Balance -- How Does Yours Compare?

This Is the Average 401(k) Balance -- How Does Yours Compare?

The reality is that Social Security will only replace about 40% of your pre-retirement income if you're an average wage earner, but most seniors need about twice that much money to live comfortably. The reality is that looking at a broad average in the context of 401(k)s isn't necessarily going to help you all that much, other than perhaps satisfy a point of curiosity.