How much should your KiwiSaver balance be, at your age?
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How does your KiwiSaver balance compare others your age?
The retirement savings scheme has become a key part of many New Zealanders' financial lives since it was launched in 2007.
There is now about $110.8 billion invested in the scheme. The average balance is $31,828, although that is affected by the large number of people who do not contribute to the scheme.
Milford said its average balance was about $79,000.
Data from actuaries Melville Jessup Weaver for December 2023 shows that balances generally increased as people became older.
Under 17-year-olds had an average balance of $2869. People aged 18 to 25 had an average of $8867. For those aged 26 to 30, the average increased to $17,326.
People aged 31 to 35 had an average of $21,096. Those 36 to 40 had an average of $26,829...
