GITNUX MARKETDATA REPORT 2024
Statistics About The Average Ira Return
With sources from: businessinsider.com, fool.com, spglobal.com, morningstar.com and many more
Sources
In this post, we explore a plethora of statistics related to IRA returns and balances, providing insights into the average performance and contributions for individual retirement accounts. From the average annual returns over different time periods to account balances and contributions, these data points offer a comprehensive look at the landscape of IRA investments and savings. Our analysis sheds light on trends, averages, and variations in IRA performance, highlighting key factors that shape retirement savings outcomes for individuals.
Statistic 1
"On average, for the ten years ending in 2019, the average return of IRA accounts was around 8% to 10% per year."
Statistic 2
"The average IRA account returned 3.5% annually over the five-year period ending 2019."
Statistic 3
"As of 2021, the average Roth IRA balance was $39,108, and the average traditional IRA balance was $50,306, each having increased by roughly 6% from last year."
Statistic 4
"The average combined 401k and IRA balance for savers aged 60-69 was $230,000 at the end of 2020."
Statistic 5
"On average, in 2020, workers with an IRA had an average annual return of about 7.3%."
Statistic 6
"The average annual return for an IRA, including reinvested dividends, was 10.7% over the 20-year period between 1999 and 2019."
Statistic 7
"Over the ten-year period ending in 2019, Roth IRA accounts returned on average 8% to 10% per year."
Statistic 8
"On average, 401(k) plans had an average annual return of 6.3% in 2020 compared to IRA's 7.3%."
Statistic 9
"In 2019, the average Roth IRA contribution was $4,989, up 3% from 2018."
Statistic 10
"At the end of 2019, the average IRA balance was $115,460."
Statistic 11
"The average return for a balanced retirement portfolio was 14.7% in 2019."
Statistic 12
"In 2019, men had an average balance of $139,467 in their IRA accounts, while women had an average balance of $101,212."
Statistic 13
"The average Roth IRA contribution was $5,179 in 2020."
Statistic 14
"Over the last decade, the highest annual return for IRA accounts came in 2019, at 20.5%."
Statistic 15
"The average contribution for those with both traditional and Roth IRA accounts rose to $4,324 in 2019."
Statistic 16
"Between 2010 and 2018, the average IRA balance increased by 44.2%."
Statistic 17
"The standard deviation of annual returns for the S&P 500, a good benchmark for average IRA returns, was 19.6% between 2000 and 2020."
Statistic 18
"Fidelity data shows that the average balance of Roth IRAs increased to $39,108 in 2021 from $37,687 in 2020."
Statistic 19
"The average traditional IRA contribution was $6,398 in 2019, up $303 from 2018."
Interpretation
In conclusion, the statistics presented on IRA returns and balances indicate a generally positive trend over the years, with average returns varying between 3.5% to 10.7% annually depending on the time period analyzed. Both Roth and traditional IRAs have shown steady growth in average balances, with contributions also seeing gradual increases. While men tend to have higher average IRA balances compared to women, there is still room for improvement in achieving gender equity in retirement savings. The data reflects the importance of consistent contributions and long-term investment strategies in building substantial retirement savings.
Jannik Lindner
Can You Trust Our Report?
The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
Submit Your Own Statistic Data
Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.