Spoiler: It's not as much as many people need.
If you were born between 1965 and 1980, you're part of Generation X, or "Gen X," sandwiched between the baby boomers and the millennials. That means you're between 45 and 60 years old this year, and perhaps starting to count down the days or months until you retire.
But can you afford to retire? Are you on track with your savings and investing? Here's a look at the average 401(k) balance and average IRA balance by generation, according to Fidelity:
Don't pay too much attention to that table, though, because those totals are not necessarily how much you need to have amassed to retire. Consider that the boomers, aged between 61 and 79 this year, have an average of roughly $500,000 combined in their 401(k)s and IRAs. That can sure seem lik