Retirement assets rebounded significantly at year-end 2012, reaching $19.5 trillion, a 44.4 percent jump from 2009 recession lows and an 8.3 percent rise from 2011, according to data released Wednesday by the Investment Company Institute.
According to an ICI report, The U.S. Retirement Market, Fourth Quarter 2012, retirement savings accounted for 36 percent of all household financial assets in the United States at the end of last year.
Assets in individual retirement accounts (IRAs) totaled $5.4 trillion at the end of 2012, an increase of 1.1 percent from the end of the third quarter, while defined contribution (DC) plan assets rose 0.9 percent in the fourth quarter to $5.1 trillion.
Combined, DC and IRA assets were up 10.5 percent for the year, 54.1 percent since the first quarter of 2009, and 14 percent since the third quarter of 2007.
On Dec. 31, Americans held $5.1 trillion in all employer-based DC retirement plans, including $3.6 trillion in 401(k) plans, ICI reported. Those figures are up from $5 trillion and $3.5 trillion, respectively, as of Sept. 30.