Vanguard 401k Balance
Vanguard provides 401k retirement plans to over 3 million participants. Each year they look at the plans and particpants and provide a detailed report. It's a 84 page document that has a lot of interesting info...Here's a look at the Vanguard 401k balances:
In 2009, the average account balance for Vanguard participants was $69,084; the median balance was $23,140. The wide divergence between the median and the average balance is due to a small number of very large accounts that significantly raises the average above the median.
As a result of rising markets, median account balances for Vanguard participants grew by 33% in 2009,
compared with a decline of 31% in 2008. However, account balances remain below 2006 levels.
How America Saves 2010
Wise Owl