--- title: A Record Number of Americans Are in the 401(k) Millionaire Club description: A record 595,000 401(k) accounts topped $1 million in Q2 as stock market gains boosted retirement savings. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 602 covers: - Retirement - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Katherine Peach role: Associate Editor url: https://money.com/author/katherine-peach/ bio: Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!) Katherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others. Katherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa. education: University of Maryland, Baltimore County at_money_since: 2025 articles: 14 covers: - Retirement - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Shopping - Taxes published: '2025-09-05T14:02:16.000Z' modified: '2025-09-05T14:02:16.000Z' section: Retirement tags: - News word_count: 387 canonical: https://money.com/record-401k-accounts-hit-1-million-q2/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo-illustration of a woman sitting on stacks of coins in a hand](https://img.money.com/2025/09/News-401K-Millionaires-2025.jpg) A record number of 401(k) accounts had $1 million or more at the end of the second quarter. Amid tariff uncertainty that roiled the stock market, investors who stuck to their long-term savings plans in the spring were rewarded. The stock market has more than rebounded from the selloff earlier in the year that followed the president’s tariff announcements. Stocks notched record highs earlier this month, and the S&P 500 is up about 10% year-to-date. Recent earnings beats from large companies, including Nvidia, and anticipation of interest rate cuts have driven gains in the stock market. The growth is helping Americans’ 401(k)s hit fresh records. ## If you currently have a 401k but are looking for different ways to extend your portfolio, rolling over to a Gold IRA is one of the best ways to do so! ### American Hartford Gold can help protect your assets in tax-advantaged accounts by providing metal IRA. Why wait? Select your state to get started today! [Invest in Gold](https://money.com/pr/b8ee44549da3?ap_referrer=%2Frecord-401k-accounts-hit-1-million-q2%2F) New research from [Fidelity](https://www.fidelity.com/about-fidelity/Q2-2025-retirement-analysis) reveals that 595,000 accounts held $1 million or more at the end of the second quarter, an all-time high and an increase from 512,000 at the end of the first quarter. A year ago, there were 497,000 accounts with $1 million or more. "Even during periods of turbulence, the majority of savers are wisely making the decision to stay the course and not make sudden changes to their retirement investments," Sharon Brovelli, president of workplace investing at Fidelity Investments, said in a [release](https://newsroom.fidelity.com/pressreleases/fidelity--q2-2025-retirement-analysis--retirement-account-balances-reach-new-record-high--rebounding/s/a28ab088-623d-469a-ab35-ddff450b0a4a) Thursday. "This diligence and focus on long-term retirement goals contributed to this quarter's retirement balance rebound.” ## Average 401(k) balance hits a new high While million-dollar 401(k)s represent just a sliver of all accounts, smaller-dollar 401(k) accounts also performed well in the second quarter, helping savers get closer to their retirement goals. The average 401(k) balance ($137,800) is up 8% in the past year, according to Fidelity. That was the largest increase in a quarter since the end of 2023. The report found that the average 401(k) savings rate was 14.2% in the second quarter, including employer contributions. That’s just below Fidelity's recommended rate of 15%. Recent growth in the stock market has been impressive, and savers obviously can’t count on it to repeat. But making steady 401(k) contributions — and increasing your [paycheck deferrals](https://money.com/automated-retirement-plan-tools-help/) when you can — will remain key to long-term retirement planning success, regardless of what’s going on in the stock market day-to-day. ### Top Precious Metals Company on Inc. 5000 ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) Our Partner [Invest in Gold](https://money.com/go/b9766d9c2641?bidid=4112591561&pmeta=p129-c736-u23969&ptid=670565963&ptoken=a463ec55d3b1152655d91dfee87af658) ### Endorsed by Robert Kiyosaki — Up to $25K in FREE Silver on Qualifying Purchases ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/24353/medium_69e2748f-b29f-4686-895b-4e103b4d0c3e.png) Our Partner [Invest in Gold](https://money.com/go/9c3e36dd6a80?bidid=4112591563&pmeta=p129-c736-u23969&ptid=670565963&ptoken=4bcb99b7c51bdb3d40176b731c1a452d) ### Qualify for up to 10% in FREE silver ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/21155/medium_2ce64332-874c-41c0-a3b9-7f738e834f1c.png) Our Partner [Invest in Gold](https://money.com/go/e41a0b8636b6?bidid=4112591559&pmeta=p129-c736-u23969&ptid=670565963&ptoken=d25fc789b1763ebf4dc97310eec0d3c9) ![](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) American Hartford Gold can help you take control of your financial future [Invest in Gold](https://money.com/pr/cdf8db27d320?ap_referrer=%2Frecord-401k-accounts-hit-1-million-q2%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/record-401k-accounts-hit-1-million-q2/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Retirement", "item": "https://money.com/retirement/" }, { "@type": "ListItem", "position": 3, "name": "401(k)", "item": "https://money.com/401k/" }, { "@type": "ListItem", "position": 4, "name": "A Record Number of Americans Are in the 401(k) Millionaire Club" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/record-401k-accounts-hit-1-million-q2/#webpage", "url": "https://money.com/record-401k-accounts-hit-1-million-q2/", "name": "A Record Number of Americans Are in the 401(k) Millionaire Club", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-09-05T14:02:16.000Z", "mainEntity": { "@id": "https://money.com/record-401k-accounts-hit-1-million-q2/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/record-401k-accounts-hit-1-million-q2/#breadcrumb" }, "dateModified": "2025-09-05T14:02:16.000Z" }, { "@type": "NewsArticle", "headline": "A Record Number of Americans Are in the 401(k) Millionaire Club", "articleSection": "Retirement", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/09/News-401K-Millionaires-2025.jpg", "width": 2880, "height": 1920, "caption": "News-401K-Millionaires-2025" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter. 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