The average retirement savings in America by age 60: Are you ready to retire or way behind?

This Yahoo Finance article analyzes retirement savings for Americans approaching age 60, based on 2026 data. It reports that Baby Boomers hold $85 trillion in combined assets but wealth is unevenly distributed. The average retirement savings for those in their 60s is $1,228,196, while the median is $568,116, highlighting significant inequality skewed by ultra-wealthy individuals like Jeff Bezos. The article advises that those below the median should consider delaying retirement and Social Security claims, or using instruments like Certificates of Deposit (CDs) to lock in fixed returns. It also promotes CD Valet as a tool for finding higher-yield CD rates. The piece serves as both a financial benchmark and a guide for retirement planning.

First published Aug 4, 02:53 PM UTCUpdated Jul 22, 10:15 AM UTC1 reports · 1 sources

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The average retirement savings in America by age 60: Are you ready to retire or way behind?

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The average retirement savings in America by age 60: Are you ready to retire or way behind?Yahoo FinanceWesternJul 22, 10:15 AM UTC

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Jeff Bezos