Fidelity: Average 401(k) Balance Rebounds

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girl brunette of AL 2:20PM June 18, 2010

There are many Bernie Madoffs still left on Wall Street.

Wolfman of CA 11:12PM May 07, 2010

I have $191500K, I'm 45. Hoping to hit that magic 7 plus digits before I retire. Looking good so far, we'll see.

dave of WA 10:03AM April 23, 2010

I am 49 and I have 230 K in my 401. I maxed out contributions to the fund for
14 years and I did not do as good as loyal of OH ;).
I am suspicious about the 401 and stock market. my company matches up to 8
percent of my salary, not bad. I am thinking of converting my liquid assets
to real estate.
I make around 92 K but have many bills and I am the only bread winner for my
family of 3. I do have a mortgage of 90K and no other debt, so I guess I should
be happy.

freezing in minneapolis of MN 10:52PM January 08, 2010

I am 49 and I have 230 K in my 401. I maxed out contributions to the fund for
14 years and I did not do as good as loyal of OH ;).
I am suspicious about the 401 and stock market. my company matches up to 8
percent of my salary, not bad. I am thinking of converting my liquid assets
to real estate.
I make around 92 K but have many bills and I am the only bread winner for my
family of 3. I do have a mortgage of 90K and no other debt, so I guess I should
be happy.

freezing in minneapolis of MN 10:52PM January 08, 2010

I am 40 and spend every penny I make. I have 401k savings. I will live on ssi

bigspender of NV 11:30PM December 22, 2009

Our company encourages the 401k plus our 'old fashioned" pension plan. Almost all of our employees retire with a minimum of $500,000 in the 401k including clerks/admin assistants. I have almost $300k after 10 years of being in the company's 401k and expect to retire with around $1.5m in the 401K. Last year our gain was 0% break even. This year it's running around 30%. Wow. I say "Thank You". This is with a mix of 50% company stock and 50% mutual funds. Very hard to believe. This is based on current balance dividend by the start of year balance to get the percentage. Our company does match and has never cut the match even in tough times. My salary is around $50k/year and I max out my contribution every year. Debt free and staying that way.

Loyal Employee of OH 6:15AM November 22, 2009