I went ahead and asked chat GPT, what's the average retirement account balance by age?

And the results are surprising.

Now, I know you could all look this up in 10 seconds, so that's not rocket science.

I'm going to give you my insight on this because there are some things that I think will surprise you.

My name is Ari Taublieb.

I am a certified financial planner, host of this podcast, the early

retirement podcast, and chief growth officer at Root Financial, where we help people optimize

what they've worked so hard for and get the most life out of their money, especially around

an early retirement in most cases. So with this being said, I'm going to go ahead and just read

what is literally the different account

balances by age and then give you some surprising statistics here in addition to my insight

from our clients who are here at Route Financial. So I'm going to go ahead and read this list here.

You can see it on my screen if you're watching on YouTube. So for those under 25 average balance

is 6,300. The median balance is

1400. A kind reminder for all of you. I'm putting you back to high school real quick.

Average is skewed by those high balance savers. The median shows what a typical saver has.

So if you remember median, going back to school, remember you'd cross out kind of the sides,

then eventually get to the middle versus averages where you take it all and then divide it.

This is why median is more appropriate. But regardless, I'm going to give you both. So from 25 to 34,

37,000 is the average, 14,000 is the median. From 35 to 44, 97,000 is the average, 36,000 is the median.

From 45 to 54 years old, 179,000 is the average. 61,000 is the median. From 55 to 64,

256,000 is the average, and 89,000 is the median, and above 65, we're at 280,000

...