Average Retirement Savings–All Measurements Lead to the Same Conclusion
(Click here if you seek different information on retirement savings) The “baby boomer” generation are those people between 45 and 62 years of age (as of 2008). This generation has saved on the average retirement savings of $38,000, excluding pensions, homes, and social security. However, “baby boomers” with qualified retirement plans has an average retirement savings of $88,000. The $88,000 [...]
Retirement Savings Statistics Gathered by Fidelity 2006
At a time when nearly 8,000 Baby Boomers are turning retirement age each day, it does not appear that most Baby Boomers (Born between 1946-1964) are ready to retire. Fidelity’s research reports the following retirement savings statistics: Boomers have $35,000 in median total household personal retirement savings. Boomers typically save $2,750 annually for retirement. Boomers are on track to replace [...]
Categories: retirement savings Tags: baby boomers, retirement savings statistics
