why do so few people have two million dollar 401ks/IRAs?

[Anonymous]

Anonymous wrote:I wonder if it's because many of us have had more than one job, so our retirement accounts are spread out across multiple accounts. I have a current 401k with my employer's facilitator, an IRA with Vanguard that was created by rolling over 401ks from previous employers, and a Roth IRA with Vanguard that I opened when I was younger and below the limit. Looking at them individually, none of them is particularly high, but in the aggregate, it's a nice number.

Same. My husband's current employer-based 401K and mine = about 500K and I still have about 100K in another employer's account. 120K. So that's not a million but we have over 1M in his Fidelity IRA and just under 1M in mine. All told we are at 3.5M but we are not counted in that ''over 2M" stat.