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If you make 150000 a year in gross income you can also shoot to save 3000000. Assuming your annual income has increased to 80000 this would. Why The Median 401 K Retirement Balance By Age Is Dangerously Low Social Security replaces a lower percentage of their pre-retirement income By Your 60s. How much should i have in my 401k at 55 . So if youve been making 75000 per year you should have at. How much should i have in my 401k at age 55. This means if you increased your income to 100000 you should have 500000 saved up. Finally those aged 50 to 55 have saved an average of 124831. If you roll it to an IRA you would lose this option. Average 401k Balance at Age 55-64 570083. At age 55 if you spend 80000 a year you should have about 960000 in savings or net worth to live a comfortable retirement. At this point you should have at least eight times your annual salary saved. By Age 55. For 2020 you can make a maximum contribution to a 401k of 19500 this is up 500