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YEAR | MEDIAN RETIREMENT ACCOUNT SAVINGS | MEAN RETIREMENT ACCOUNT SAVINGS |
|---|---|---|
1989 | $25,361 | $87,721 |
1992 | $29,008 | $92,160 |
1995 | $32,902 | $110,889 |
1998 | $43,760 | $139,083 |
2001 | $49,217 | $175,587 |
2004 | $55,309 | $193,412 |
2007 | $64,395 | $210,804 |
2010 | $60,095 | $233,358 |
2013 | $75,097 | $256,023 |
2016 | $74,002 | $282,103 |
2019 | $75,348 | $295,743 |
2022 | $87,000 | $333,945 |
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YEAR | YOUNGER THAN 35 | 35 TO 44 | 45 TO 54 | 55 TO 64 | 65 TO 74 | OLDER THAN 74 |
|---|---|---|---|---|---|---|
1989 | $9,222 | $23,056 | $39,195 | $55,334 | $34,584 | $36,889 |
1992 | $9,324 | $18,855 | $58,015 | $62,159 | $41,439 | $58,015 |
1995 | $11,613 | $28,257 | $54,192 | $61,934 | $56,127 | $45,483 |
1998 | $12,763 | $36,467 | $63,817 | $85,697 | $69,287 | $54,700 |
2001 | $11,718 | $47,878 | $80,355 | $92,073 | $100,444 | $80,355 |
2004 | $17,284 | $43,996 | $87,206 | $130,416 | $125,702 | $47,138 |
2007 | $13,738 | $52,947 | $90,153 | $143,100 | $110,187 | $50,085 |
2010 | $14,477 | $42,340 | $81,948 | $136,579 | $136,579 | $73,753 |
2013 | $15,274 | $54,350 | $110,736 | $132,375 | $189,652 | $87,825 |
2016 | $14,825 | $45,635 | $101,136 | $148,005 | $155,651 | $148,005 |
2019 | $15,070 | $69,552 | $115,921 | $155,334 | $190,110 | $96,214 |
2022 | $18,880 | $45,000 | $115,000 | $185,000 | $200,000 | $130,000 |
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Year | YOUNGER THAN 35 | 35-44 | 45-54 | 55-64 | 65-74 | 75 OR OLDER |
|---|---|---|---|---|---|---|
1989 | $21,121 | $68,589 | $120,455 | $143,664 | $113,495 | $76,011 |
1992 | $27,713 | $56,747 | $145,106 | $147,121 | $112,365 | $115,291 |
1995 | $36,499 | $69,045 | $169,122 | $181,637 | $162,292 | $114,930 |
1998 | $41,191 | $95,288 | $164,843 | $261,198 | $188,489 | $169,358 |
2001 | $31,585 | $108,605 | $212,865 | $332,177 | $292,978 | $212,370 |
2004 | $39,837 | $107,062 | $223,076 | $340,125 | $328,150 | $186,530 |
2007 | $35,744 | $114,652 | $219,847 | $387,018 | $382,057 | $151,134 |
2010 | $36,698 | $115,127 | $235,228 | $397,523 | $421,537 | $237,306 |
2013 | $36,772 | $143,211 | $222,841 | $362,765 | $563,869 | $302,404 |
2016 | $40,057 | $123,529 | $266,121 | $460,103 | $441,990 | $414,877 |
2019 | $34,970 | $152,959 | $295,273 | $473,442 | $493,897 | $414,903 |
2022 | $49,127 | $141,517 | $313,220 | $537,563 | $609,229 | $462,411 |
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Age | Have retirement account | Retirement savings on track |
|---|---|---|
18–29 | 39% | 23% |
30–44 | 67% | 35% |
45–59 | 74% | 42% |
60+ | 79% | 50% |
Overall | 67% | 35% |
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Federal Reserve
The Federal Reserve, often referred to as “the Fed,” is the central bank of the United States.
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Assets | Non-retirees | Retirees | Overall |
|---|---|---|---|
Tax preferred retirement account (401(k), IRA) | 61% | 59% | 61% |
Define benefit pension through employer | 21% | 51% | 29% |
Tax preferred retirement account or pension | 64% | 74% | 67% |
Own home | 58% | 82% | 64% |
Savings or money market account or CD | 55% | 70% | 59% |
Stocks, bonds, ETFs, or mutual funds outside retirement account | 31% | 46% | 35% |
Cash value in life insurance policy | 22% | 31% | 25% |
Business or real estate | 9% | 16% | 11% |
Have tax-preferred retirement account, pension, or other assets listed above | 77% | 87% | 79% |
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YEAR | NO HIGH SCHOOL DIPLOMA | HIGH SCHOOL DIPLOMA | SOME COLLEGE | COLLEGE DEGREE |
|---|---|---|---|---|
1989 | $23,056 | $18,445 | $18,445 | $39,195 |
1992 | $14,504 | $20,720 | $24,864 | $47,655 |
1995 | $18,387 | $29,031 | $30,967 | $49,547 |
1998 | $21,880 | $30,632 | $36,467 | $74,392 |
2001 | $16,741 | $30,133 | $35,155 | $93,748 |
2004 | $19,484 | $31,425 | $37,711 | $113,132 |
2007 | $21,465 | $41,499 | $51,516 | $114,480 |
2010 | $22,262 | $34,145 | $40,974 | $122,921 |
2013 | $17,820 | $42,258 | $52,186 | $133,647 |
2016 | $44,401 | $44,401 | $41,935 | $144,304 |
2019 | $23,184 | $46,368 | $47,527 | $137,945 |
2022 | $50,000 | $44,000 | $53,000 | $141,700 |
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YEAR | NO HIGH SCHOOL DIPLOMA | HIGH SCHOOL DIPLOMA | SOME COLLEGE | COLLEGE DEGREE |
|---|---|---|---|---|
1989 | $65,117 | $50,546 | $61,224 | $135,605 |
1992 | $32,029 | $57,791 | $56,973 | $142,927 |
1995 | $41,686 | $71,209 | $86,919 | $173,081 |
1998 | $41,986 | $74,017 | $92,712 | $238,444 |
2001 | $61,022 | $83,101 | $112,592 | $290,032 |
2004 | $48,864 | $93,747 | $120,483 | $312,250 |
2007 | $75,358 | $95,819 | $134,231 | $348,275 |
2010 | $48,138 | $103,337 | $123,712 | $389,823 |
2013 | $50,149 | $110,774 | $151,949 | $396,430 |
2016 | $164,632 | $120,988 | $158,320 | $425,872 |
2019 | $78,491 | $138,924 | $158,209 | $441,872 |
2022 | $79,983 | $141,899 | $177,831 | $476,375 |
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YEAR | WHITE, NON-HISPANIC | BLACK, NON-HISPANIC | HISPANIC | OTHER |
|---|---|---|---|---|
1989 | $27,667 | $13,834 | $9,914 | $14,364 |
1992 | $31,080 | $11,396 | $13,468 | $41,439 |
1995 | $35,031 | $15,483 | $23,225 | $30,967 |
1998 | $47,407 | $20,057 | $20,057 | $36,467 |
2001 | $58,927 | $14,230 | $16,741 | $45,200 |
2004 | $64,422 | $23,569 | $23,569 | $50,281 |
2007 | $75,843 | $37,206 | $24,327 | $45,220 |
2010 | $73,753 | $24,584 | $24,584 | $53,266 |
2013 | $96,735 | $24,184 | $20,493 | $55,368 |
2016 | $94,970 | $30,464 | $28,368 | $64,135 |
2019 | $92,736 | $40,572 | $35,935 | $54,483 |
2022 | $100,000 | $39,000 | $55,600 | $60,000 |
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YEAR | WHITE, NON-HISPANIC | BLACK, NON-HISPANIC | HISPANIC | OTHER |
|---|---|---|---|---|
1989 | $92,433 | $42,924 | $56,849 | $72,417 |
1992 | $98,974 | $40,657 | $32,294 | $100,715 |
1995 | $119,488 | $43,198 | $74,583 | $101,175 |
1998 | $147,543 | $58,634 | $83,160 | $166,548 |
2001 | $196,225 | $53,981 | $67,946 | $165,462 |
2004 | $214,868 | $93,842 | $62,133 | $136,315 |
2007 | $240,462 | $97,768 | $92,995 | $118,183 |
2010 | $264,388 | $72,148 | $89,290 | $200,846 |
2013 | $301,164 | $71,666 | $50,430 | $168,010 |
2016 | $321,811 | $92,173 | $118,689 | $257,232 |
2019 | $341,030 | $126,513 | $124,044 | $225,316 |
2022 | $380,333 | $117,527 | $120,318 | $257,358 |
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Race/ethnicity | Any retirement savings | Retirement savings on track |
|---|---|---|
Asian | 77% | 40% |
White | 57% | 25% |
Black | 51% | 21% |
Hispanic | 52% | 46% |
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YEAR | LESS THAN 25TH PERCENTILE | 25TH TO 49.9TH PERCENTILE | 50TH TO 74.9TH PERCENTILE | 75TH TO 89.9TH PERCENTILE | 90TH TO 100TH PERCENTILE |
|---|---|---|---|---|---|
1989 | $2,306 | $8,531 | $23,056 | $57,640 | $110,668 |
1992 | $2,072 | $8,702 | $27,557 | $60,709 | $155,398 |
1995 | $2,323 | $13,935 | $31,741 | $67,740 | $193,543 |
1998 | $3,829 | $14,769 | $51,053 | $109,400 | $233,387 |
2001 | $3,348 | $12,555 | $50,222 | $133,925 | $334,813 |
2004 | $4,714 | $18,384 | $53,423 | $152,414 | $421,102 |
2007 | $4,293 | $21,465 | $71,550 | $171,720 | $453,341 |
2010 | $6,829 | $16,390 | $55,998 | $181,650 | $564,072 |
2013 | $6,110 | $15,274 | $66,187 | $210,017 | $572,775 |
2016 | $5,303 | $18,501 | $64,135 | $244,207 | $778,257 |
2019 | $5,448 | $22,025 | $67,929 | $222,567 | $811,444 |
2022 | $6,000 | $22,380 | $80,000 | $269,000 | $900,000 |
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YEAR | LESS THAN 25TH PERCENTILE | 25TH TO 49.9TH PERCENTILE | 50TH TO 74.9TH PERCENTILE | 75TH TO 89.9TH PERCENTILE | 90TH TO 100TH PERCENTILE |
|---|---|---|---|---|---|
1989 | $5,354 | $13,258 | $40,460 | $90,085 | $261,816 |
1992 | $4,458 | $13,721 | $40,054 | $88,211 | $303,048 |
1995 | $7,090 | $20,398 | $43,835 | $112,391 | $384,914 |
1998 | $7,938 | $22,852 | $66,602 | $143,541 | $485,027 |
2001 | $6,274 | $23,433 | $72,196 | $190,312 | $635,642 |
2004 | $8,206 | $26,750 | $75,867 | $211,799 | $684,930 |
2007 | $10,340 | $30,604 | $92,516 | $227,178 | $782,674 |
2010 | $15,741 | $24,964 | $77,100 | $227,261 | $876,353 |
2013 | $13,370 | $23,536 | $87,611 | $245,776 | $919,568 |
2016 | $13,335 | $26,880 | $89,760 | $284,464 | $1,077,011 |
2019 | $13,090 | $31,913 | $91,197 | $282,299 | $1,097,003 |
2022 | $12,739 | $33,851 | $106,233 | $328,642 | $1,296,683 |
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Pension
A pension is a type of retirement plan that promises workers a specific monthly benefit when they retire.
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Source of income in the past 12 months among retirees | Retirees age 65 or older | All retirees |
|---|---|---|
Social Security (including Old-Age and Disability Insurance) | 92% | 77% |
Pension | 64% | 56% |
Interest, dividends, or rental income | 52% | 48% |
Wages, salaries, or self-employment | 26% | 33% |
Cash transfers, other than Social Security | 5% | 8% |
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Race/ethnicity | 61 or earlier | 62 to 64 | 65+ |
|---|---|---|---|
White | 48% | 24% | 27% |
Black | 56% | 23% | 17% |
Hispanic | 65% | 19% | 15% |
All | 51% | 23% | 24% |
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About the Author
Jack Caporal is the Research Director for The Motley Fool and Motley Fool Money. Jack leads efforts to identify and analyze trends shaping investing and personal financial decisions across the United States. His research has appeared in thousands of media outlets including Harvard Business Review, The New York Times, Bloomberg, and CNBC, and has been cited in congressional testimony. He previously covered business and economic trends as a reporter and policy analyst in Washington, D.C. He serves as Chair of the Trade Policy Committee at the World Trade Center in Denver, Colorado. He holds a B.A. degree in International Relations with a concentration in International Economics from Michigan State University.
The Motley Fool has a disclosure policy.