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My Money Design

Designing Financial Freedom

American savings rate 2013

How Do You Compare to the Average Retirement Savings of Other Americans?

September 16, 2013 by MMD 28 Comments

Have you ever wondered how your 401k balance stacks up against the rest of the population?  If you’re a devout saver, you may be surprised to find out just what the current average retirement savings for most Americans actually are. I first became somewhat curious about my own pace against those of other people after reading the book Your Money Ratios.  The book offers you some suggested milestones for where you should be at with your savings given different age levels. In case you want to know but are too scared to “look under the bed”, your 401k balance is probably doing a lot better … [Read more...] about How Do You Compare to the Average Retirement Savings of Other Americans?

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