The average retirement savings in America by age 60: Are you ready to retire or way behind?

Moneywise and Yahoo Finance LLC whitethorn gain committee oregon gross done links successful the contented below.

If you're approaching property 60, oregon passed that milestone a fewer years ago, the bully quality is that you're portion of the wealthiest procreation successful history. With combined assets worthy $85 trillion, Baby Boomers are the richest property cohort, according to the Washington Post (1).

The atrocious quality is that this colossal heap of wealth is unevenly distributed.

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Some Baby Boomers are entering status with hardly immoderate savings, oregon adjacent worse: tremendous debt. Others person conscionable capable to alteration a humble retirement, but nary country for mistake oregon luxuries. And a tiny cohort astatine the apical has a disproportionate stock of this monolithic fortune.

So, wherever bash you stand? Here's a person look astatine the mean and median status savings for Americans successful their 60s arsenic of 2026.

Average wealthiness for 60-year-olds

A emblematic American big has astir $547,840 successful status savings, arsenic of March 2026, according to information from the Empower Personal Dashboard (2).

However, this is the mean for all property groups. For those successful their 60s, the mean equilibrium is importantly higher: $1,228,196.

Simply put, you request to beryllium astatine slightest a millionaire to beryllium considered mean successful this property group.

However, this fig doesn't overgarment the afloat picture. Average wealthiness is importantly skewed by a tiny radical of ultra-wealthy millionaires and billionaires. The 62-year-old Jeff Bezos, alone, astir apt moves the needle present with his $269 cardinal fortune, according to Bloomberg (3).

For a much close practice of wealth, median status savings could beryllium a amended measure.

According to Empower, the median wealthiness for idiosyncratic successful their 60s is $568,116. If you person astatine slightest that overmuch saved up for retirement, you're up of 50% of radical successful your property group.

Whether you're supra oregon beneath this threshold should astir apt signifier your fiscal plans for the adjacent fewer years. Here's however you tin either drawback up oregon proceed gathering momentum.

Read More: Millionaires nether 43 clasp lone 25% of their wealthiness successful stocks. Here's wherever their wealth is really going