Average Retirement Age In Us Connecticut: average retirement savings of $523,568 new hampshire: $494,562 new jersey: $489,664 alaska: $489,070 virginia: $468,579 alaska is the only western state on the top five list. along. 1 empower online survey of 1,011 americans conducted from april 10–16, 2024. anonymized user data from the empower personal dashboard™ as of 9 1 2024. northeast states make up half of the top ten states by average retirement savings.
Do You Live In The Best States For Retirement Saving Retire By 40 For the top 10%, median retirement savings grew by $789,332. average retirement savings by percentile of net worth (median) data source: federal reserve (2023). How much the average american has saved for retirement varies greatly by state and age. connecticut has the highest average retirement savings, $545,754, and utah has the lowest, $315,160. in general, younger generations have far less saved up than older generations, with gen zers averaging $38,633 and boomers averaging $1,076,208. Annual cost of comfortable retirement: $95,256. avg retirement balance: $452,135. retirement savings needed at 60 vs. 70: $1,905,121 vs. $952,560. california's got it all—stunning scenery, boundless opportunities. you can soak up the sun on its famous beaches or venture into the awe inspiring national parks. sure, living costs might be steep. Wa. $557,139. mn. $547,397. northeast states make up half of the top ten states by average retirement savings. the remainder are spread across the pacific (alaska), south (virginia and maryland), west (washington), and midwest (minnesota). many of these states have a high cost of living, but also have higher average after tax household incomes.
Analysis Shows The Average Retirement Savings By State Investment Watch Annual cost of comfortable retirement: $95,256. avg retirement balance: $452,135. retirement savings needed at 60 vs. 70: $1,905,121 vs. $952,560. california's got it all—stunning scenery, boundless opportunities. you can soak up the sun on its famous beaches or venture into the awe inspiring national parks. sure, living costs might be steep. Wa. $557,139. mn. $547,397. northeast states make up half of the top ten states by average retirement savings. the remainder are spread across the pacific (alaska), south (virginia and maryland), west (washington), and midwest (minnesota). many of these states have a high cost of living, but also have higher average after tax household incomes. Average retirement savings, not surprisingly, rise with age. the average balance for those 45 to 52 is $179,200, rising to $256,244 for those 55 to 64 and $279,997 for those already retired. among. The median retirement saving s for those ages 54 64 is $185,000 and the average balance is $538,00) and for those aged 65 74 the median retirement savings is $200,000 and average is $609,000.
Retirement Savings By State Which Region Is Winning Average retirement savings, not surprisingly, rise with age. the average balance for those 45 to 52 is $179,200, rising to $256,244 for those 55 to 64 and $279,997 for those already retired. among. The median retirement saving s for those ages 54 64 is $185,000 and the average balance is $538,00) and for those aged 65 74 the median retirement savings is $200,000 and average is $609,000.
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