Q4 2023
Retirement Analysis
According to the latest retirement data from Fidelity Investments®’ Q4 2023 retirement analysis, retirement savers ended 2023 on a positive note with improved market conditions and consistent contributions helping boost average account balances to their highest level in nearly two years.
Additionally, more than a third (37%) of workers increased their retirement savings contribution rate in 2023.
Average Retirement Account Balances
IRA
Q4 2023
Q3 2023
Q4 2022
Q4 2018
Q4 2013
401(k)
1
2
403(b)
3
$116,600
$118,600
$106,100
+9%
+10%
+6%
+14%
+14%
+12%
+35%
+24%
+18%
+50%
+32%
+31%
Click here to view chart in PDF format.
Fidelity’s quarterly analysis of savings behaviors and account balances for more than 45 million IRA, 401(k), and 403(b) retirement accounts.
Additional insight on retirement trends and data can be found in Fidelity’s Building Financial Futures.
