What is the average retirement nest egg savings for a 64-year-old?

The average retirement nest egg for a person aged 64 years old who actively saves is between $103,000 to $148,000, as of 2015, as stated by The Motley Fool. This average does not include people in that age range who do not hold retirement accounts.

If a retiree withdraws 4 percent of his savings the first year and adjusts up a percentage each year, which is the standard rule, the monthly withdrawals equal roughly $340 to $494. These low monthly payouts leave retirees to rely primarily on their Social Security payments to make ends meet, according to The Motley Fool