Relatively few of Fidelity's 401(k) account holders have amassed more than $1 million in their accounts. But between 401(k)s and IRAs, Fidelity reports close to 800,000 millionaire retirement savers.

Specifically, Fidelity noted that as of the end of 2023, the number of 401(k) accounts with balances of $1 million or more was 422,000, up a hefty 21% over the previous quarter. (Also noteworthy ...

A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k ...

A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter.

And the challenge is greater when many ... according to Fidelity. Notably, stashing away $1 million or more in a 401(k) plan is rare. Only about 1.4% of 401(k) accounts at the financial services ...

according to the latest data from Fidelity. Those factors vaulted more savers into the ranks of so-called 401(k) millionaires—people with at least seven figures in their retirement accounts.

Despite the gains, ensuring a comfortable retirement remains a big challenge for many people ... tend to be older. Fidelity’s 401(k) millionaires had an average tenure of 26 years in their ...

Building a million-dollar 401(k) has become more achievable than ever. In 2024, the number of Fidelity-managed 401(k) accounts with seven-figure balances grew to 537,000, a 27% increase from the ...

The fourth quarter of 2023 saw a 20% surge in the number of 401(k) millionaires from the previous quarter, a rebound from Q3’s dip, due in part to strong market dynamics, according to Fidelity ...

That’s according to new fourth-quarter data from Fidelity Investments, one of the largest providers of workplace retirement plans that cover 23 million 401(k) participants. The average 401(k ...

Americans’ retirement accounts benefited from steady market appreciation and higher contribution rates last year, according to a new Fidelity Investments report. A booming stock market and ...