A comparison of retirement savings vs peers
This is similar to one I posted last year. It's from money Magazine's Aug. 2007 issue page 113.
Age group/ Income/ Retirement Savings
Under 35
Top Earners $246,236 $131,791
Upper income $103,658 $40,855
Upper Middle $67,750 $22,627
35-44
Top Earners $263,475 $182,884
Upper Income $107,509 $83,242
Upper Middle $68,760 $44,685
45-54
Top Earners $293,577 $291,566
Upper Income $106,652 $163,177
Upper Middle $70,157 $90,937
55-64
Top Earners $345,149 $481,925
Upper Income $108,412 $272,155
Upper Middle $70,990 $112,792
65-74
Top Earners $339,356 $716,891
Upper Income $103,925 $281,710
Upper Middle $67,894 $143,920
Notes: All figures are averages. Savings include retirement plans and the value of pensions and are among people who have saved. "Top earners" refers to households that place at the 90th percentile and higher for income. "upper income" refers to households that place at the 80th to 89.9th percentile for income. "Upper Middle" refers to households that place at the 60th to 79.9th percentile for income.
Source: Federal REserve Survey of Consumer Finances, 2004
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