[alephnerd]

> median retirement saving is actually $164,000, which makes sense as the median salary is ~$60,000

That includes ALL retirements accounts - ranging from those of people who are early career to those who are at retirement age.

I haven't seen data about median retirement savings for those at retirement age.

Edit: I'm wrong!

[altacc]

That number is retirement age and I gave the mid-late career median for salary.

> The Federal Reserve data shows that 65 to 74-year-olds have a median of $164,000 in their retirement accounts while those 75 and older have $83,000 saved for retirement.

Retirement age is not a fixed number. Quick search says about 10-19% of over 65s are still working. Some through choice, others not.

[alephnerd]

Thanks for the heads up!

A bit pedantic but it looks like it's $204k now based on the Fed Reserve survey.

But by and large I think your argument still holds.

> Retirement age is not a fixed number. Quick search says about 10-19% of over 65s are still working. Some through choice, others not.

Agree with ya on that!