Record Number of 401(k) Millionaires Achieved: Discover the Top Strategy Used by Most Gen Xers and Boomers.
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Updated: Sep 04 2025
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Source: MarketWatch
Record Highs in Retirement Accounts: Retirement-account balances reached unprecedented levels in the second quarter, leading to an increase in 401(k) millionaires.
Growth in 401(k) Millionaires: Fidelity Investments reported that the number of 401(k) millionaires hit a record 595,000, with a median balance of $1.4 million among them.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
