"Boost Your 401(k) Savings with Auto-Escalation"
The median 401(k) balance among Fidelity account holders is $28,900, with averages varying by age. To boost retirement savings, financial planners recommend automating contributions, escalating them annually, and taking full advantage of employer matches. Avoid high-risk investments to prevent potential losses. Fidelity suggests having 10 times your salary saved by age 67.