How Much Every Generation Has Saved for Retirement

A survey by GOBankingRates asked Americans how much they have saved for retirement. While young adults unsurprisingly had less, there was a large number of older Americans who have yet to start saving, too. Take a look.

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Gen Z

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Gen Z (cont.)

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Millennials (young)

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Millennials (young)

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Millennials (older)

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21.6% = $10K or less; 17.2% = $10-50K; 9.7% = $50-100K; 11.5% = $100K+

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Gen X

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Gen X (cont.)

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Gen X-Boomers

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Gen X-Boomers (cont.)

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Of those in the 65 and older group, about 23.7% have $0 in retirement savings.

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Baby Boomers & Silent Gen

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Stories

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How Much Every Generation Has Saved for Retirement

A survey by GOBankingRates asked Americans how much they have saved for retirement. While young adults unsurprisingly had less, there was a large number of older Americans who have yet to start saving, too. Take a look.

Gen Z

47.2% of 18- to 24-year-olds haven't started saving for retirement.

Gen Z (cont.)

31% = $10K or less; 8.5% = $10-30K; 7% = $30-50K; 6.5% = $50K+

Millennials (young)

34.2% of young millennials, 25-34, haven't started saving.

Millennials (young)

34% = $10K or less; 17.8% = $10-50K; 9.9% = $50-100K; 4.3% = $100K+

Millennials (older)

Among older millennials, 35-44, 40% have not started saving for retirement.

21.6% = $10K or less; 17.2% = $10-50K; 9.7% = $50-100K; 11.5% = $100K+

Millennials (older)

Gen X

45- to 54-year-olds aren't doing so hot on retirement savings, with 45% of them having $0.

Gen X (cont.)

24.4% = $10K or less; 13% = $10-50K; 6.3% = $50-100K; 11.4% = $100K+

Gen X-Boomers

Those in the 55-64 age range are doing significantly better. Only 25.7% have nothing saved.

Gen X-Boomers (cont.)

26.4% = $10K or less; 21.5% = $10-100K; 15.3% = $100-500K; 11.1% = $500K+

Of those in the 65 and older group, about 23.7% have $0 in retirement savings.

Baby Boomers & Silent Gen

Baby Boomers & Silent Gen

21% = $10K or less; 19.3% = $10-100K; 21.9% = $100-500K; 14% = $500K+

Stories

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