The average retirement savings is $95,776 across all age groups, according to the EPI. Overall, the data suggest that Americans are simply not saving enough for retirement, regardless of age. As you evaluate your own plan, don't let the average retirement savings by age distract you from your goals. Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your retirement savings. So if you retire at age 65, your last contribution occurs when you are actually age 64. This calculator also assumes that you make your entire contribution at the end of each year. Certainly, you don’t need to save at a constant rate of 25% year after year. Ideally, you would frontload your savings early in your career, and be able to save less or retire early later in your career. But a savings rate of 25% of gross income will put most physicians on track for retirement in their 60s, even in a conservative market returns scenario.