how much does the average american have in retirement savings at 58 years old?
- RICKLv 77 months ago
Who knows or cares
Only worry about yourself not others
- STEPHENLv 77 months ago
The "average" is massively skewed by the people that have millions. So "average" is pretty meaningless.
- SumDudeLv 78 months ago
$63,499.87 - give or take up to 100%
- tiescoreLv 68 months ago
Median is $172,000 at age 60, but that is probably below what they need.
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- exactdukeLv 78 months ago
$172,000 by 60 years of age. Don't know about 58 though.
- RobinLv 78 months ago
zero as many americans dont make it to 58
- The TaxpayerLv 78 months ago
Average? It's not very much. Some people prepare, some don't. There are a number of articles in the internet that will tell you the exact answer. Those that save have prepared very well. Those that haven't..which is the majority, will be dependent upon Social Security.
- Rick BLv 78 months ago
"The estimated median savings of fiftysomethings is about $117,000—far shy of the desirable six to eight times annual income that Fidelity recommends."
"According to the research, the average retirement savings for people in their 50s is $124,831 in 2018. It's $163,577 for the people ages 56 to 61."
- Anonymous8 months ago