Photo by Alexander Mils on Unsplash fan of 100 U.S. dollar banknotesFor this comparison, we're using median savings rather than averages. The figures below combine cash savings, checking accounts and retirement savings. Ages 35 to 44Median total savings: About $141,000This is often the decade when retirement savings begin to accelerate as incomes rise and investment gains start compounding. Ages 65 to 74Median total savings: About $609,000Many households are now living off their retirement savings rather than adding to them, although investment growth can continue to increase balances. Age 75 and OlderMedian total savings: About $462,000It's common for balances to begin declining as retirees draw from their savings to pay for everyday living expenses.