“This year, retirement savers experienced several quarters in a row of upward growth, with account balances making significant gains over the course of 2024,” said Sharon Brovelli, president of Workplace Investing at Fidelity Investments. “We are pleased to see so many individuals begin 2025 with a strong financial foundation and the savings behaviors in place that will help them better navigate what may come in the year ahead.” 

As one of the country’s leading workplace benefits providers[2] and America’s No. 1 IRA provider[3], Fidelity’s latest analysis of savings behaviors and account balances for more than 50 million IRA[4], 401(k)[5], and 403(b)[6] retirement accounts can be found here.

“As we have for several quarters now, we observed upward savings trends in Q4. This is encouraging news and is particularly important for many Gen X savers, who are able to make catch-up contributions,” says Roger Stiles, Head of Fidelity Wealth. “This is an important consideration as the April tax deadline approaches where investors may be able to contribute to an IRA for potential tax deductions for 2024.”

This quarter’s retirement analysis also places a spotlight on the shift in how Americans are defining retirement. According to new Fidelity research, 63% of employers report a workforce with at least 30% of employees over the age of 50. Fidelity published two research papers that explore this evolution and what it means for the workplace: Rethinking Retirement looks at how an aging workforce is leading employers to reevaluate retirement transition strategies, while Is Retirement Retiring? looks at the shift in employees working past the age of 65 and highlights how offering supportive benefits can be advantageous to employees and employers.

Additional details and insight on retirement trends and data can be found in Fidelity’s latest quarterly edition of “Building Financial Futures” as well as the Workplace Insights hub, which explores original research, data-driven insights, and the latest industry trends.

About Fidelity Investments

Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve.  Fidelity’s strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of $15.1 trillion, including discretionary assets of $5.9 trillion as of December 31, 2024, we focus on meeting the unique needs of a broad and growing customer base. Privately held for 78 years, Fidelity employs more than 77,000 associates across the United States, Ireland, and India. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.

Keep in mind that investing involves risk, including the risk of loss. The value of your investment will fluctuate over time, and you may gain or lose money.

Past performance is no guarantee of future results.

Views expressed are of the date indicated, based on the information available at that time, and may change based on market or other conditions. Fidelity does not assume any duty to update any of the information.

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