Millionaire millennials everywhere? New Fidelity survey highlights the status of retirement savers.

The excavation of 401(k) millionaires, an all-time high, totaled 654,000 successful September, up from 595,000 astatine the extremity of June, according to Fidelity Investments.

These gains bespeak the robust record-high show of the US market, with the S&P 500 (^GSPC) up 8.1%, the Nasdaq Composite (^IXIC) up 11.2%, and the small-cap Russell 2000 (^RUT) up 12.4% successful the aforesaid period.

The biggest radical of leapers to this lofty level — millennials, those betwixt the ages of 29 and 44.

The caller entrants are a important summation erstwhile compared to the archetypal quarter, erstwhile lone 512,000 savers had astatine slightest $1 cardinal successful their nest egg, down from 537,000 astatine the extremity of past year.

“Historically the 401(k) millionaires person been Gen X and Boomers, but arsenic they are present getting further successful their careers, we're starting to spot millennials scope the cardinal dollar milestone, which is an absorbing alteration to note,” Michael Shamrell, vice president of workplace thought enactment astatine Fidelity Investments, told Yahoo Finance.

Read more: What is the mean status savings by age?

The 401(k) information is based connected Fidelity’s 26,000 defined-contribution plans astatine assorted companies crossed the country, covering 24.8 cardinal participants, arsenic good arsenic 18.3 cardinal IRA accounts and 403(b) information connected 10,670 tax-exempt plans, covering 9.25 cardinal participants.

According to the analysis, 3.7% of millionaires are millennials — an summation from 1.8% a twelvemonth ago, Shamrell said. “If we round, the percentages of millionaires are: Boomers 36% (because they are present pulling from their retirement); Gen X 60%; Millennials 4%.”

Across the board, relationship balances clocked successful astatine grounds highs with the mean 401(k) equilibrium of $144,400 and mean IRA relationship equilibrium of $137.903, some expanding 5% from the extremity of June.

For the archetypal time, women’s mean relationship balances crossed the half-million-dollar people to $501,000, up 16.5% from a twelvemonth ago. These were each semipermanent savers who person been successful their 401(k) for 15 years continuously, Shamrell said.

Total mean 401(k) savings rates of 9.5% and an mean leader publication complaint of 4.7% held dependable from earlier this year, putting the operation of worker and leader 401(k) contributions astatine a grounds precocious of 14.2%. Fidelity's suggested savings complaint is 15%.

Read more: How bash millionaires marque their money​?

To beryllium fair, the fig of millionaire savers swings with the market. And they constitute a tiny percent of Fidelity’s status savers..

When you propulsion backmost the cover, the record-high is not truthful effervescent.