# Average and Median Retirement Savings by Age (FinExplained data study)
# Lens 1 (among households with retirement accounts): Federal Reserve Survey of Consumer Finances 2022 interactive data tool, retirement accounts by age of reference person, in 2022 dollars (https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl).
# Lens 2 (all households including those without accounts): DQYDJ estimates from the 2022 SCF public-use microdata, strict definition medians and averages plus the expansive-definition median (https://dqydj.com/retirement-savings-by-age/). Third-party estimates on a PEU basis.
# Retirement accounts exclude defined benefit pension value and Social Security entirely. Household figures, not individual targets. Never mix the two lenses in one comparison.
# License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) for this compilation. Attribution: FinExplained, https://finexplained.com/
# Figures are educational benchmarks, not financial advice.
age_group,median_usd,average_usd,expansive_median_usd,lens,source,data_year
"Under 35",18880,49130,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"35 to 44",45000,141520,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"45 to 54",115000,313220,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"55 to 64",185000,537560,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"65 to 74",200000,609230,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"75 and older",130000,462410,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"All families",87000,333940,,"among households with retirement accounts","Federal Reserve SCF 2022 data tool",2022
"18-24",0,5860.98,710,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"25-29",4700,20361.47,8200,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"30-34",4700,35812.12,12680,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"35-39",8000,70361.89,21000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"40-44",12000,102301.38,24000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"45-49",19400,138665.36,33000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"50-54",24000,242421.82,43000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"55-59",24000,284015.5,59840,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"60-64",10400,326800.45,33000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"65-69",8700,337197.2,50650,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"70-74",0,279162.01,105000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"75-79",0,238017.43,36000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"80+",0,155357.28,42000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022
"All households",13000,129010,29000,"all households including those without accounts","DQYDJ estimate from SCF 2022 microdata",2022