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Record Retirement Savings: 401(k) Balances Soar in Q3 2025

11/22/2025

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Summary

Story summary

Americans' retirement savings reached record highs in Q3 2025, driven by market gains and consistent contributions.
The average 401(k) balance rose 9% to $144,400, and IRA balances increased 7% to $137,902, according to Fidelity Investments.
The number of 401(k) millionaires grew 10% to 654,000.
Gen Z savers increasingly favor Roth accounts, with 95% of their IRA contributions going to Roth IRAs.
Contribution limits are set to rise in 2026.

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Story summary

Americans' retirement savings reached record highs in Q3 2025, driven by market gains and consistent contributions.
The average 401(k) balance rose 9% to $144,400, and IRA balances increased 7% to $137,902, according to Fidelity Investments.
The number of 401(k) millionaires grew 10% to 654,000.
Gen Z savers increasingly favor Roth accounts, with 95% of their IRA contributions going to Roth IRAs.
Contribution limits are set to rise in 2026.