[tempsy]

The survey says this is based on savings in bank accounts not a 401k

Either way there’s nothing preventing you from “touching” 401k savings. You pay a 10% penalty.

[madengr]

Ha ha, there’s no way in hell I believe those numbers. This says it’s no more than $5k on average, at best. More like $2,500.

https://www.cnbc.com/amp/2019/03/11/how-much-money-americans...

[tempsy]

Averages are a bad way to look at it. There are fat tails on both sides.