What is the average 401 balance by age? | Master Money Video

Think you're behind on retirement? Let’s talk 401(k)s.

Most people don’t realize how little the average American has saved for retirement, especially in their 401(k).

The truth? The average balance by age is much lower than you think.

That means:
-You’re probably not as far behind as you feel
-Most people haven’t started early enough
-Starting now still puts you ahead

Your 401(k) is a powerful tool, with tax advantages, employer matches, and compound growth on your side.

Don’t wait for “more money” to start.

Start with what you have.

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