Sentences with phrase «households near retirement»

The median retirement savings of households near retirement age is just $ 17,000.

A 2015 study by the National Institute for Retirement Security, using data from the Federal Reserve's 2013 Survey of Consumer Finances, found that across all American households, including those without retirement accounts, the median retirement account balance is $ 2,500, and for households near retirement, $ 14,500.

Boston College researchers found that the $ 120,000 available for households nearing retirement would provide only $ 575 in monthly income, assuming a household purchases a joint - and - survivor annuity.

Based on figures from the Federal Reserves's 2016 Survey of Consumer Finances, the Boston College Center for Retirement Research estimates that the median combined 401 (k) and IRA account balance for working households nearing retirement was $ 135,000, about enough to generate just $ 600 a month in lifetime income for a couple.

Not exact matches

When all households are included — not just households with retirement accounts — the median retirement account balance is $ 3,000 for all working - age households and $ 12,000 for near - retirement households.

The median retirement account balance — including money in a 401 (k) retirement account — is $ 2,500 for working - age households, and $ 14,500 for near - retirement households, the study found.