Here's the Newest 401(k) Average Account Value by Age Group. Where Do You Stand?

Comparing yourself to the "average" investor your age isn't necessarily a be-all and end-all kind of exercise. A small but extreme number of people in your peer group could be skewing these numbers lower or higher, for instance. It's also possible that most people your age aren't actually doing as well they need to in order to secure a comfortable retirement, making such a comparison a bit pointless.Nevertheless, even if only as a starting point to determine how you're doing and then make any necessary changes to your savings plan, a look at other investors in your age group offers at least some value. Here's a closer look the average 401(k) balance for each current generation of savers.As of the end of the second quarter of this year, the overall average value of a 401(k) account for U.S. adults was $137,800. That's according to mutual fund company and retirement plan administrator Fidelity Investments, although it jibes with data from rival fund company and plan administrator Vanguard Group.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool