Updated April 29, 2019

Average Net Worth by Age

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The average American has a net worth of $80,000. Is that enough for retirement? Read on for answers to this and other pressing questions about net worth.

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Your net worth is the total amount of your assets minus your liabilities.

  • Assets include savings and things like your car, home and investments.

  • Liabilities are all debts you carry, including any that are deferred, such as student loans.

Put another way, your net worth means how much money (either liquid or tied up in assets) you would have left if all your debts were paid. Read on to learn how your net worth measures up.

Tip: You can track your net worth with Personal Capital's free app. Get the complete picture of your bank, investments, retirement, mortgage, and credit cards. You can also check out our Personal Capital review.

Average Net Worth by Age

  • What is the average net worth of 25-34 year olds?
    The average American under the age of 35 has a net worth of $11,100, according to the Federal Reserve. This represents a 4% increase from their average net worth in 2013.

  • What is the average net worth of 35-44 year-olds?
    People between the ages of 35 and 44 have an average net worth of $59,800. This is a 24% increase since 2013 when the age group had an average net worth of $48,200.

  • What is the average net worth of 45-54 year-olds?
    The average person aged 45-54 years old has $124,200 in net worth, a 14% increase from the $108,600 average in 2013.

  • What is the average net worth of 55-64 year-olds?
    People between the ages of 55-64 years old have $187,300 in net worth. This is a 9% increase from their 2013 average of $171,100.

  • What is the average net worth of 65-74 year-olds?
    The average person aged 65-74 has $224,100 in net worth. This is a 6% decrease from their average net worth in 2013, which was $239,300.

    This is the only age group that experienced a decrease in net worth over the last five years. Keep reading for more information about retirees and net worth.

  • What is the average net worth of those aged 75+?
    People 75 and older have an average net worth of $264,800, a 32% increase from their 2013 average of $200,800. This group experienced the highest net worth increase of all age groups.

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Average Net Worth Nationwide

  • What is the average net worth of all Americans?
    Americans have an average net worth of $97,300. This represents the approximate 43% of Americans who identify as "middle class."

  • What is the average net worth of a homeowner?
    The average net worth of a homeowner is $231,400, acccording to the Federal Reserve, This is 15% higher than their average of $201,500 in 2013.

  • What is the average net worth of a renter?
    For renters, the average net worth is roughly $5,200. This is 5% less than their average net worth of $5,500 in 2013.

  • What is the average net worth of people in metropolitan areas (MSAs)?
    The average net worth of a person living within a metropolitan area is roughly $99,000. In 2013, the average was $87,300 - that's a 13% increase over 6 years.

What is a metropolitan statistical area?
A metropolitan statistical area (MSA) is a high-population geographical region. MSAs are typically defined as one or more counties surrounding a large city with at least 50,000 residents. Some MSAs surround more than one large city, such as the Dallas-Fort-Worth-Arlington MSA in Texas.

  • What is the average net worth of someone in a rural area?
    People living in rural areas have an average net worth of $87,900, a 25% increase from the $70,100 average in 2013.

AVERAGE NET WORTH BY EDUCATION LEVEL

  • What is the average net worth of those with a high school diploma?
    The average high school graduate with no college experience has an average net worth of roughly $67,100.

  • What is the average net worth of those with a bachelor's degree?
    The average college graduate with a bachelor's degree has an average net worth of $147,578, or $110,000 more than those with just a high school diploma.

  • What is the average net worth of those with a college degree?
    After acquiring a college degree, the average person's net worth jumps to $292,100.

  • What is the average net worth of someone who does not finish college?
    People with some college education have an average net worth of $66,100.

What is the average net worth that makes a person "wealthy"?
A person with a net worth of $2.4 million or more is considered wealthy, according to a study conducted by Charles Schwab. That number is 30 times the net worth of the average American today.

Retirees and Net Worth

  • What is the average retirement age today?
    The average retirement age in the U.S. is 63. More specifically, men retire at an average age of 64 and women an average age of 62. This is when people start drawing from their assets, which lowers their net worth.

  • How much money does the average retiree need?
    You should aim to have 70% of your pre-retirement income to live comfortably during retirement. The median household income today is $52,700, which means the average household should have at least $36,890 per year saved for retirement.

    If you are eligible to receive Social Security, your payout amount will depend on several factors, such as birth year and retirement age. It's then up to you to supplement any social benefit payments with your own retirement savings to live comfortably.

  • What is the average social security payment today?
    On average, retirees can expect a payment of $1,341 per month from social security.

NOTE: Although we discuss net worth in terms of average, these statistics are usually median figures reported by sources. Averages can sometimes be skewed by outliers, whereas median numbers are a true 'middle point.'

Bottom Line

The higher your net worth, the better your chances of having financial security in your retirement years. The best way to prepare is to begin saving now.

Consider your daily expenses and what you want to accomplish during retirement. Then set your goals accordingly.

Sources and References:

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