Why 401k Millionaires Hit an All-Time High

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8 • 883 Ratings

🗓️ 5 September 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover why 401k millionaires hit an all-time high.

Are you on track for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.

If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters!

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.

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Transcript

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0:00.0	Be We Wealthy and Smart, episode 1555.
0:03.7	I'm going to live the rich life,
0:08.1	a fool than best life, yes, life.
0:11.0	So if you all know what I mean, put your hands up and declare with me, yeah, I'm full of bread.
0:16.3	I'm going to live a good life
0:21.9	a beautiful and glorious life
0:25.0	step into a world of wealth and financial freedom
0:28.5	without budgets, boredom or bosses
0:31.1	on Be Wealthy and Smart.
0:34.3	And now, here's your host, Linda P. Jones. Welcome to be wealthy and smart. I'm Linda P.
0:40.8	Jones, America's wealth mentor, empowering women and men worldwide to financial freedom.
0:45.4	On today's show, we're going to talk about 401k millionaires hitting an all-time high.
0:51.6	Now, that's both the balance in 401k accounts and the number of 401k millionaires,
0:57.6	according to Fidelity. The average 401k balance jumped 8% from a year earlier to $137,800 to a record high.
1:06.7	The average individual retirement account balance also rose 5% year over year to $131,366.
1:15.4	The number of 401k accounts with a balance of a million dollars or more jumped to $595,000 as of June 30th, up 16% from the first quarter.
1:25.6	And the number of IRA created millionaires also increased by 16%
1:29.9	to a record 501,481 people. And then we have some statistics for the average retirement account
1:37.2	balances in the U.S. as of 2025, 2025, 2024, and 2023. So I'll just contrast 2025 to two years ago because the average IRA,
1:47.8	401k, and 403B have made great strides. In 2023, the average 403B had $102,400 in it, and in 2025,400.
2:00.4	In 2023, the average IRA had $113,800 in it, today $131,366.
2:08.8	And in 2023, the average 401k had $1,400, now taking the lead at $137,800. So well done. Fidelity found that the majority of
	...

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