401(k) Balances: Average $168,000 vs Median $48,000 Discrepancy

The average 401(k) balance is reported at $168,000, but the median is significantly lower at $48,000, indicating the impact of high earners on the average. For those aged 65 and older, the median balance is $95,425, translating to approximately $318 monthly under the 4% withdrawal rule. In Fidelity's Q4 2024 data, average balances increase with age, but the median for retirees suggests many may be underprepared. This discrepancy matters to investors assessing retirement readiness, as it highlights the challenges faced by typical savers.