Average 401(k) in 60s: $577K (Nov 2025); Retirement Readiness Gap

As of November 2025, the average 401(k) balance for individuals in their 60s is $577,454, versus $635,320 for those in their 50s. The median 401(k) for this group is $186,902, highlighting the average can be skewed by outliers. A Western & Southern survey found 47% of Baby Boomers and 11% unsure about comfortable retirement, with Boomers needing about $760K and Gen X about $1.18M. The 4% rule and an 8x income target suggest many in their 60s need significantly more than the average. In 2026, 401(k) limits are $24,500 for most; $35,750 for those 60–63 with $11,250 catch-up, and $31,000 for those 64+. About 90% of Boomers and 71% of Gen X expect Social Security to be a primary income source, versus 55% and 51% of Millennials and Gen Z. <category>Macro</category> <title>Average 401(k) in 60s: $577K (Nov 2025); Retirement Readiness Gap</title> <content> Proactive steps include maxing out employer matches, automating contributions, and considering a pre-retirement shift to more conservative allocations. Downsizing living expenses and consulting a financial advisor to navigate Social Security rules, FEIE, and FTC can also improve retirement readiness.