The average 401(k) balance for people in their 40s is $407,675, while the median is $162,143. For people in their 50s, the balance jumps to $622,566 and $251,758, respectively. Thoughtful retirement ...
Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. MoMo Productions / Getty Images The average 401(k) balance for ...