Fidelity says 50-year-olds need $551,280 saved for retirement — the average 401(k) balance is just $215,700

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTVawn HimmelsbachTue, September 8, 2026 at 6:15 PM GMT+2 6 min readimagesourcecurated/EnvatoWhile a strong stock market has boosted 401(k) balances — jumping 10.5% in Q2, according to Fidelity data — how do you know if your savings are measuring up?For those aged 45 to 49, the average 401(k) account balance is $163,200, according to Fidelity, while for those aged 50 to 54 the average is $215,700.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.