Are You On Track To Join The Top 1% In Retirement Savings? Here's How Much They Have At Every Age [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
Don't Miss: The average American couple has saved this much money for retirement — How do you compare Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Data from DQYDJ, using Federal Reserve statistics, highlights that the average retirement age in the United States hovers around 60, with a median age of 62. The statistics also reflect the ongoing economic activities of people who, while reaching retirement age, may continue to work or gradually use their savings. The overall retirement savings for the wealthiest 1% stand at approximately $2.3 million. When considering a broader definition of retirement assets, the figure escalates to $5 million. Here is a breakdown of the estimated top 1% retirement savings by age group: 18-24 years: $150,000 25-29 years: $365,000 30-34 years: $365,000 35-39 years: $730,000 40-44 years: $1,234,600 45-49 years: $1,397,000 50-54 years: $2,311,000 55-59 years: $3,105,000
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