{"id":727402,"date":"2026-01-29T00:11:14","date_gmt":"2026-01-29T00:11:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/727402\/"},"modified":"2026-01-29T00:11:14","modified_gmt":"2026-01-29T00:11:14","slug":"its-nowhere-near-1-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/727402\/","title":{"rendered":"It’s Nowhere Near $1 Million"},"content":{"rendered":"\n

Millionaires are multiplying inside America’s 401(k)s, and headlines are throwing a party. But buried beneath the celebration is a less glamorous stat: the average balance<\/a> is still barely over six figures.<\/p>\n

Fidelity’s latest report, released in September<\/a>, shows a record-breaking 654,000 accounts now hold over $1 million, a nearly 10% jump from the previous quarter.<\/a> It’s the highest number ever recorded.<\/p>\n

Yet despite the surge, the average 401(k) balance sits at just $144,400\u2014a record in its own right, but still a fraction of what the wealthiest accounts hold.<\/p>\n

Don’t Miss:<\/strong><\/p>\n

Americans are “continuing to exhibit impactful savings behaviors such as staying the course and focusing on long-term goals, which clearly is having a positive effect on retirement savings,” according to Fidelity Investments President of Workplace Investing Sharon Brovelli. “To see balances and saving behaviors increase across all savings vehicles is encouraging, especially as savers continue to navigate an uncertain economic environment.”<\/p>\n

Fidelity reports that 401(k) millionaires surged from 595,000 to 654,000 in a single quarter, driven by steady contributions and market momentum. But that success story mostly belongs to a small group of high earners and long-term savers.<\/p>\n

For everyone else, growth is more gradual.<\/p>\n

Current averages for other retirement plans:<\/p>\n