If You've Saved This Much for Retirement by Age 60, You're Ahead of the Game

According to Fidelity data and Federal Reserve surveys, the average retirement savings for 55-64 year-olds is around $537,000-$547,000, but the median is only $185,000, indicating most people have significantly less. The article advises those behind on retirement savings that they still have time to catch up through strategic planning and increased contributions during their peak earning years.