· someone in their early 60s typically has around $185,000 saved, roughly a fifth of what top earners in that age group have accumulated. · the top 10% of americans have saved nearly $1 million for retirement by using smart, tax-advantaged savings and investment strategies, and you can learn from their approach. Instead of keeping money in checking or traditional savings accounts, many households are turning to investment-style options with higher returns. Notably, the average balances are significantly higher than the median balances. · heres a closer look at how much the top 10% have saved for retirement. According to a survey conducted by goldman sachs, wealthy individuals park roughly 20% of their net worth in cash and cash equivalent holdings (1). These numbers matter because they reveal how prepared most. Yahoo is using openai to generate summaries for this content. Ai-generated content sometimes contains inaccurate or incomplete information. · in fact, data from the federal reserve’s most recent survey of consumer finances (scf) shows that the median retirement savings amount for the top 10% is over $900,000; The top 10% of americans by net worth had a median retirement account balance of $900,000. · heres how much workers have in their retirement savings plans at each income level. However, the median savings across all households with retirement accounts hovers at just $87,000. Click on a trending topic to learn more about it. · where are americans putting their money?
