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Retirement savings by age U.S. 2020

Published by Statista Research Department, Mar 9, 2021
Americans start managing their retirement finances early in life, thanks to many financial instruments and products for those who want save money for their late years. As the graph shows, retirement savings increase with age. The age group boasting the highest average value of retirement savings are individuals between 55 and 59, with over 223,000 thousand. As many people start retiring in their sixties, retirement savings start decreasing for individuals over 60 years of age.

Average value of retirement savings in the United States in 2020, by age (in U.S. dollars)

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Sources

Release date

March 2021

Region

United States

Survey time period

2020

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