Are You Saving Enough In Your 401-k Retirement Accounts? See How You Compare

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

US News and World Report recently conducted a survey of 401-k participants and broke them down by age group, job tenure, and asset allocation. This data gives you a great idea of where average Americans are at saving for retirement.

Americans in their 20’s….

Salary Range	Median Account Balance	Job Tenure	Average Account Balance	Type of Investment	Share of Account Balance
$20,000-$40,000	$6,759	0-2 years	$4,491	Equity funds	48.1%
$40,000-$60,000	$15,510	2-5 years	$10,748	Lifecycle Funds	13.8%
$60,000-$80,000	$33,155	5-10 years	$18,564	Balanced funds	9.2%
$80,000-$100,000	$49,002			Bond funds	6.6%
More than $100,000	$52,268			Money funds	3.7%
				Stable value funds	5.9%
				Company stock	8.4%
				Other	1.3%
				Unknown	2.7%

How Americans in their 30’s compare….

Salary Range	Median Account Balance	Job Tenure	Average Account Balance	Type of Investment	Share of Account Balance
$20,000 – $40,000	$21,187	0-2 years	$11,502	Equity funds	56.8%
$40,000 – $60,000	$37,578	2-5 years	$23,024	Lifecycle Funds	9.3%
$60,000- $80,000	$64,611	5-10 years	$42,861	Balanced funds	7.4%
$80,000 – $100,000	$100,995	10-20 years	$62,207	Bond funds	6.9%
More than $100,000	$150,678			Money funds	3.0%
				Stable value funds	4.9%
				Company stock	8.9%
				Other	1.7%
				Unknown	1.0%

Employee Benefit Research Institute and the Investment Company Institute surveyed 21.8 million participants in 56,232 employer-sponsored 401(k) plans at the end of 2007.

Curious about how other age groups stack up against your accounts? Check out the full story on US News and World Report’s site.