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According to Bankrate.com, the average 60 year old's 401k retirement balance is $141,000 - I hope this helps
Wiki User
∙ 15y ago
The average savings for a person aged 60 can vary widely depending on factors such as income level, financial habits, and retirement planning. However, a general guideline is that individuals should aim to have 5-10 times their annual salary saved by age 60 to support their retirement needs. Consulting with a financial advisor can provide personalized recommendations based on individual circumstances.
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