Mean and median household savings in retirement accounts of households age 26–79, 1989–2010 (2010 dollars)
Year | Mean savings** | Median/positive savings*** | Mean/positive savings* |
---|---|---|---|
1989 | $23,854 | $18,553 | $64,172 |
1992 | $27,033 | $21,225 | $67,434 |
1995 | $36,789 | $24,078 | $81,148 |
1998 | $49,775 | $32,013 | $101,748 |
2001 | $67,860 | $36,026 | $128,524 |
2004 | $70,636 | $40,503 | $141,635 |
2007 | $81,906 | $47,146 | $154,665 |
2010 | $86,071 | $44,000 | $170,859 |
* Mean savings for households in specified age range with positive retirement account balances
** Mean savings for all households in specified age range
*** Median savings for households in specified age range with positive retirement account balances
Note: Retirement account savings include savings in 401(k) and other defined-contribution plans, IRAs (including employer-sponsored SEP IRAs and SIMPLE IRAs) and Keogh plans for small businesses.
Source: Authors' analysis of Survey of Consumer Finance microdata
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