This Is the Average 401(k) Balance for Ages 55 to 64
It can be a bit counterproductive to compare your retirement portfolio's value to someone else's. No two people's circumstances are exactly the same, after all. The financial situation you're creating for yourself should, first and foremost, work for you.
Still, knowing where your peers stand can help you gauge your own progress and tell you if you should be doing more.
Even those closest to retirement, 55- to 64-year-olds, can still take steps to address funding shortfalls. And numbers gathered by mutual fund company and retirement plan administrator Vanguard offer these near-retirees a good idea of how their cohort is doing on the retirement savings front.
Source Fool.com
