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Indestata > Personal Finance > Retirement > How Much Should I Have in My 401(k) at Age 60?
Retirement

How Much Should I Have in My 401(k) at Age 60?

TSP Staff By TSP Staff Last updated: August 7, 2025 5 Min Read
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By age 60, retirement is no longer a distant goal, it is just around the corner. For many, it begs the question: how much should I have in my 401(k) at age 60? Many financial experts recommend having saved eight times your annual salary by this point to help support a comfortable retirement. At this age, your focus may shift from aggressive saving to optimizing withdrawal strategies. This includes minimizing taxes and protecting your portfolio against market risk and longevity. Whether you are planning to retire soon or want to delay retirement, it is helpful to evaluate your progress against benchmarks and run realistic income projections to better meet your future needs. 

A financial advisor can help tailor a retirement income plan to meet your retirement planning needs.

How Much Should I Have in My 401(k) at Age 60?

According to Fidelity’s retirement savings guidelines, you should have approximately eight times your current salary saved by age 651. If your annual income is $100,000, that equates to $800,000.

These figures highlight how many retirees enter their post-working years underfunded. It makes smart planning and strategic withdrawals even more important for your retirement.