The average amount saved in a 401(k) account rose 17% in 2006, the fourth straight year of growth, according to a report from the Employee Benefit Research Institute and the Investment Company Institute analyzing the holdings of 20 million 401(k) participants.

Those who have been invested in a 401(k) since at least 1999 had an average balance of $121,202. In terms of average balance by age, for those in their 60s, it was $157,727; in their 50s,, $148,927; in their 40s, $108,262; in their 30s, $61,368; and in their 20s, $28,248.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.