Mean retirement account savings of households age 26–79, by income fifth, 1989–2010 (2010 dollars)
Year | Top | Fourth | Middle | Second | Bottom |
---|---|---|---|---|---|
1989 | $85,799 | $16,445 | $9,532 | $6,322 | $1,137 |
1992 | $96,508 | $23,582 | $9,408 | $4,280 | $1,349 |
1995 | $125,973 | $28,914 | $15,890 | $9,936 | $3,222 |
1998 | $170,667 | $43,999 | $21,153 | $10,642 | $2,381 |
2001 | $226,812 | $64,805 | $31,170 | $12,599 | $3,852 |
2004 | $253,737 | $59,821 | $27,215 | $9,103 | $3,274 |
2007 | $281,891 | $79,041 | $32,966 | $13,564 | $2,011 |
2010 | $308,674 | $66,964 | $34,981 | $12,182 | $7,543 |
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