Are you saving enough for retirement? It’s a question that plagues many Americans as they plan for their future. One way to measure your progress is by comparing your retirement account balance to others in your age group. Vanguard recently released data on the average and median retirement account balances by age in their defined contribution plans for 2023.
By examining this data, you can see how you stack up against your peers and determine if you need to make any adjustments to your savings strategy. Whether you’re on track or falling behind, this information can provide valuable insights into your retirement planning.
Don’t let the challenge of saving for retirement overwhelm you. Take control of your financial future by staying informed and making informed decisions about your savings goals. With the right approach, you can retire comfortably and enjoy the fruits of your labor.