The Investment Company Institute issued a report Wednesday indicating that at the end of last year, Americans had $16.4 trillion in retirement savings, with about half of it in 401(k)s and other company-sponsored retirement accounts, as well as individual retirement accounts.

Those savings are up 11% from the $14.7 trillion in 2005 and 55% from $10.6 trillion in 2002, following three years of market declines.

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