According to the U.S. Bureau of Labor Statistics, the median weekly earnings for full-time workers in Q1 2025 was $1,194, which translates to an annual income of approximately $61,984.

Drawing Down Retirement Income. According to Gallup, the average retirement age is now 62. Let's say you've done a stellar job of saving for retirement.

Social Security is a major source of income for 74M Americans — but how far does the average check go? See average benefits ...

Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the ...

Discover the factors influencing the average income of retired couples. Understand sources of retirement income and how to boost retirement earnings.

As a retirement planner, it is scary to see how much lower the median 401(k) balance is than the average 401(k) balance. What Is The Recommended Retirement Savings By Age?

A good monthly retirement income is typically 80% of pre-retirement income. ... in 2021 consumers 65 and over spent an average of $57,818 annually, or $4,818 per month, ...

The average age of retirement in the U.S. is 62, according to multiple surveys. That hasn't changed much over the past two decades. Since 2002, the average retirement age has ranged from 59 to 62 ...

Keeping retirement savings on track 01:06. By Dayana Yochim/NerdWallet . The average household led by a retiree makes $48,000 annually before taxes and spends roughly $46,000 a year.

Retirement savers who are 50 and older can take advantage of catch-up contributions in their tax-advantaged retirement accounts. For 2025, the catch-up limit for a 401(k) or a 403(b) is $7,500.

Let’s start with the average income for a retired couple. Per the United States Census Bureau , the median before-tax income for all households in 2023 was $80,610.

The average retirement savings in America is $352,178, but the median balance is much lower – $115,640. Only 55% of Americans have a dedicated retirement savings account such as a 401(k) or IRA.