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Hotta Liesenberg Saito LLP
970 West 190th Street, Suite 900
Torrance, CA 90502-1052
Phone: 424-246-2000
Fax: 424-246-2005
August 2022
Are You Saving Enough For Retirement?
Here are the average retirement account balances by ages, according to a Survey of Consumer Finances.* This chart clearly demonstrates that most Americans are not saving nearly enough for retirement. Fortunately, you do not have to be average. Working with your financial professional is your best chance of developing a realistic savings strategy that works for you.
AGE GROUP AND THEIR AVERAGE RETIREMENT SAVINGS
- Under 35: $13,000
- 35-44: $60,000
- 45-54: $100,000
- 55-64: $134,000
- 65-74: $164,000
- 75 and up: $83,000
*https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median
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