Question 1

What is the median net worth by age in the United States?

Accepted Answer

According to the Federal Reserve's 2022 Survey of Consumer Finances (SCF), the median net worth for Americans under 35 is about $39,000, rising to $135,600 for ages 35-44, $247,200 for ages 45-54, $364,500 for ages 55-64, and $409,900 for ages 65-74. Median means half of households have more and half have less.

Question 2

Why is average net worth so much higher than median net worth?

Accepted Answer

Average (mean) net worth is pulled up dramatically by a small number of very wealthy households. For example, the median net worth for ages 35-44 is $135,600, but the average is $549,600 — over 4 times higher. The median is a better measure of what a typical household looks like because it is not skewed by outliers.

Question 3

How do I calculate how much I need to save to catch up to the median net worth for my age?

Accepted Answer

Subtract your current net worth from the median for your target age group. Then use a future value calculation that accounts for investment returns on both your existing assets and your monthly contributions. The required monthly savings depends on your current net worth, expected return, and how many years you have until your target age.

Net Worth Comparison

Your Info

Your Percentile

vs Median

Projected at 45

Save to Reach Median by 45

Save to Reach Average by 45

Save to Double by 45

Your Net Worth vs National Benchmarks

Year-by-Year Projection

National Net Worth Benchmarks by Age