How Does Your Social Security Benefit at 65 Compare?

ARTICLE KEY TAKEAWAYS

• At age 65, the average Social Security payment is $1,583 per month, with men receiving more ($1,756) and women less ($1,426).

• The average 401(k) balance for people aged 65 to 69 is $252,800—providing about $800 per month to spend under the 4% rule.

• With an average of about $2,400 per month from Social Security and 401(k) savings combined, many retirees may face financial challenges without additional support or income, particularly in higher-cost areas.

• Options like downsizing, relocating, part-time work, and reverse mortgages can help stretch limited resources.