Total U.S. retirement assets rose 6.3 percent to $18.9 trillion in the first quarter of 2012, up from $17.8 trillion on Dec. 31, 2011, according to data compiled by the Investment Company Institute.
The increase in retirement assets was driven in part by the rise in corporate equity values. The S&P 500 Total Return Index grew by 12.6 percent in the first quarter, for example. Retirement savings accounted for 36 percent of all household financial assets in the United States at the end of the first quarter.
There was $5.2 trillion in individual retirement accounts at the end of the first quarter, an increase of 7.3 percent from the end of the fourth quarter of 2011. Forty-six percent of IRA assets, or $2.4 trillion, were invested in mutual funds.
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