average savings of retirements by age
âOverall, Americans are horrible savers, and our retirement accounts are woefully underfunded.â. According to the National Institute on Retirement Security, 45 percent of working-age households have no retirement savings at all. Among people 55 to 64, average household retirement savings total only $12,000.
Among 45- to 54-year-olds, the greatest percentage (56%) had savings of between $25,000 and $499,999. The median amount saved in this age range was $101,000. A full fifth of respondents in this age group had $100,000 to $249,999 dollars saved for retirement, making this the top answer for people of these ages.