how much does the average american have in retirement savings at 58 years old?

9 Answers

Relevance
  • RICK
    Lv 7
    4 weeks ago

    Who knows or cares

    Only worry about yourself not others

  • 4 weeks ago

    The "average" is massively skewed by the people that have millions. So "average" is pretty meaningless.

  • 4 weeks ago

    $63,499.87 - give or take up to 100%

  • 4 weeks ago

    Median is $172,000 at age 60, but that is probably below what they need.

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • 4 weeks ago

    $172,000 by 60 years of age.  Don't know about 58 though.  

  • Robin
    Lv 7
    4 weeks ago

    zero as many americans dont make it to 58

  • 4 weeks 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 B
    Lv 7
    4 weeks 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."

    https://www.investopedia.com/articles/personal-fin...

    -----

    "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."

    https://www.thebalance.com/average-retirement-savi...

  • Anonymous
    4 weeks ago

    about 3,000..................

Still have questions? Get answers by asking now.