Age Group Average Balance Median Balance Goal by Age Under 25 $6,900 $1,900 0.5x annual salary 25-34 $43,000 $16,600 1x annual salary 35-44 $104,000 $40,000 3x annual salary 45-54 $189,000 $68,000 6x annual salary 55-64 $271,000 $96,000 8x annual salary 65+ $299,000 $95,000 10x annual salary or more Fidelity’s Retirement Index reports that workers who save at least 15% of their income during their 40s are 80% more likely to retire on time compared to those who contribute less than 10%. Age Average Income (U.S.) Target Savings Goal 30 $40,000 $40,000 (1x income) 40 $50,000 $150,000 (3x income) 50 $70,000 $420,000 (6x income) 60 $80,000 $640,000 (8x income) Retirement $85,000 $850,000+ (10x income)