Q1 2024

Retirement Analysis

According to the latest retirement data from Fidelity Investments®’ Q1 2024 retirement analysis, record-high contribution levels coupled with positive market conditions pushed average account balances to their highest levels since the fourth quarter of 2021. Long-term savers observed the greatest improvement, which is good news, especially for the more than 4.9 million workers that have been in their 401(k) plan for five years or more.

Average Retirement Account Balances

IRA

Q1 2024

Q4 2023

Q4 2022

Q1 2019

Q4 2013

401(k)

403(b)

$127,745

$125,900

$113,000

+7%

+6%

+10%

+15%

+16%

+13%

+32%

+21%

+13%

+60%

+42%

+29%

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, as well as the Workplace Insights hub.

Image of a retired woman watching her husband paint on a canvas

Q1 2014

Q1 2023