How much does a 401(k) contribute to your net worth?

Retirement accounts including 401 (k)s are the second-largest contributor to household net worth, according to a 2019 Census Bureau analysis. That Net Worth of Households report found that 401 (k) and other retirement accounts accounted for approximately 29% of the typical household’s assets.

How important is your 401(k)?

The value of your 401 (k) or other retirement accounts is one of the biggest components of your net worth. And net worth is one of the most important benchmarks for appraising your financial health.

What percentage of households have a 401(k)?

That Net Worth of Households report found that 401 (k) and other retirement accounts accounted for approximately 29% of the typical household’s assets. Only homeowner’s equity contributed more, at about 34% of total assets. Retirement accounts are also common. Slightly more than half of all households had a retirement account as an asset.