Compare the amount you have saved or plan to have saved for retirement compared to others from the 2013 Survey of Consumer Finances. The retirement savings include IRAs, 401ks, Thrift Savings Accounts, and pensions. Because there are differences with pre-tax and post-tax valuations of retirement accounts and calculating the net present value of a pension or annunity, just use your best guess. The numbers from the survey are probably also valuing their financial assets inconsistently. If you’re looking for retirement help, check out Personal Capital for Retirement Planner – A Retirement Calculator Like No Other (Sponsored Link).
This means that for every 100 people there are about 51 who have less or the same.
For reference, here is how much you would have to have to rank at certain percentiles for ages 18 to 100
Common SearchesRetirement Savings Comparison for Ages 60 to 65
Retirement Savings Comparison for Ages 50 to 60
Retirement Savings Comparison for Ages 45 to 55
Retirement Savings Comparison for Ages 50 to 55
Retirement Savings Comparison for Ages 55 to 60
Retirement Savings Rank for 1000000.00
Retirement Savings Rank for 2000000.00
Retirement Savings Rank for 500000.00
Retirement Savings Rank for 100000.00
Retirement Savings Rank for 400000.00
Share These Results :These results are based off of 6015 individual samples where the head of household was age 18 to 100 and are weighted to represent 24506016 American households.
The numbers are based off of the retirement results of the 2013 Survey of Consumer Finances by the Federal Reserve. I used R to separate one of the five imputations with the sample replicatant weights from the Federal Reserve. If you want to do your own analysis check out the raw data, and also check out this guide on how to import the data into R http://www.r-bloggers.com/analyze-the-survey-of-consumer-finances-scf-with-r/. The number of samples per age vary quite a bit, so you might get unusual results for certain ages.