Monday, May 26, 2014

Median IRA Balance: $27,987

Among all IRA owners in 2012, the median balance of their IRA account(s) was $27,987. The balance rises slowly with age: $3,360 for IRA owners under age 25, $4,721 for those aged 25 to 29, $7,036 for those aged 30 to 34, and surpasses $10,000 ($11,003) for IRA owners aged 35 to 39. It continues to rise with age, peaking at $66,852 for owners aged 65 to 69.

Source: Employee Benefit Research Institute, Individual Retirement Account Balances, Contributions, and Rollovers, 2012; with Longitudinal Results 2010-2012: The EBRI IRA Database

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