Q2 2024
Retirement Analysis
Fidelity’s quarterly analysis of savings behaviors and account balances for more than 48 million IRA, 401(k), and 403(b) retirement accounts.
According to the Fidelity Investments®’ Q2 2024 retirement analysis, retirement savers experienced the third quarter in a row of growth. While smaller than the previous two quarters, the growth is a continuation of the strong contribution levels and positive market conditions that have driven average account balances to the third-highest average on record. Additionally, Gen X made strong gains with their retirement savings, with current IRA contributions the highest observed in the last five years.
AVERAGE RETIREMENT ACCOUNT BALANCES
Q2 2024
Q1 2024
Q2 2023
Q2 2019
Q2 2014
IRA
1
401(k)
2
403(b)
3
$129,200
$127,100
$114,700
+1%
+1%
+2%
+14%
+13%
+12%
+17%
+20%
+29%
+40%
+39%
+57%
Click here to view chart in PDF format.
Additional insight on retirement trends and data can be found in Fidelity’s Building Financial Futures, as well as the Workplace Insights hub.