U.S. Average Net Worth by Age 60

The U.S. median net worth is $171,320 for 50-54 year olds and $193,549 for 55-59 year olds. So, the median net worth by age 60 is over $194,000.

This article shows American median net worth by age percentiles for people in their 50s.


What is net worth?

Net worth is an important measure of personal wealth. Net worth is the value of assets minus all debts. It is what you own less what you owe.

The formula for net worth is net worth = total assets – total liabilities.

net worth formula
Net Worth Formula

What is the average U.S. net worth?

The U.S. average net worth is $748,800. However, a better comparison is median net worth of $121,700.

For people in their 50s, median net worth is $171,320 for 50-54 year olds and $193,549 for 55-59 year olds.

AgeMedian Net WorthAverage Net Worth
Ages 50-54$171,320$897,663
Ages 55-59$193,549$1,165,477
Average and Median Net Worth by Age 60

The median is a better number to compare than the average. The median is the 50th percentile. Half of the families are above and half are below. The average is increased by large amounts in the top 1%.

For example, the average net worth of $1,165,477 for ages 55-59 is in the 83rd percentile. 83% of households are below and only 17% are higher.

It’s not what you make, it’s what you save.

Net worth usually grows with age, so it’s a good comparison for individuals. Younger people have less wealth, so it is important to compare net worth by age.

The U.S. net worth by age data comes from two sources:

Net worth by age

The following graph shows the 2019 U.S. household median net worth by age. The Federal Reserve publishes this report every three years. The next report will be released in 2023.

Median Net Worth by Age


Net worth by age 60

Americans in their 50s have higher net worth than the median.

Tips for people in their 50s include:

People in their 50s usually more earnings and assets than younger people. However, a few people in their 50s have negative net worth.

According to the DQYDJ Net Worth by Age Calculator about 7% of people in their 50s have negative net worth.


Average net worth by age 55

The following table shows net worth by age 55 sorted by percentiles.

Here is how to understand the percentiles for 50-54 year olds:

  • 25th percentile of $18,518 means that 25% are below and 75% above this net worth.
  • 50th percentile of $127,345 is the median. Half are above and half below this net worth.
  • 90th percentile of $848,815 is in the top 10% of net worth. 90% of households are below this net worth.
Net Worth PercentileAges 50-54
10$1,353
20$17,699
25$38,973
30$63,037
40$110,896
50$171,320
60$255,096
70$392,407
75$493,928
80$653,185
90$1,440,829
Median Net Worth Ages 50-54

The 99th percentile or top 1% for 50-54 years olds is estimated at $13.5 million.

Here is the graph for net worth for ages 50-54 in percentiles.

Median Net Worth by Ages 50-54

What is a good net worth by age 55?

Here are net worth goals for 50-54 year olds. This table is helpful to compare your net worth with your age group.

Net Worth GoalsAges 50-54
Below AverageBelow $171,320
AverageAbove $171,320
GoodAbove $493,928
GreatAbove $1,440,829
Net Worth Goals Ages 50-54

For a good net worth by age 55, aim for the 75th percentile of $493,928 and above.


Average net worth by age 60

The following table shows net worth by age 60 sorted by percentiles.

Here is how to understand the percentiles for 55-59 year olds:

  • 30th percentile of $60,633 means that 30% are below and 70% are above.
  • 50th percentile of $193,549 is the median. Half of 55-59 year olds are are above this net worth. The other half is below.
  • 90th percentile of $2,506,118 is in the top 10% of net worth by their age group. 90% of households are below this net worth.
Net Worth PercentileAges 55-59
10$694
20$14,216
25$38,885
30$60,633
40$114,766
50$193,549
60$288,928
70$464,389
75$644,806
80$909,901
90$2,506,118
Median Net Worth Ages 55-59

The 99th percentile or top 1% for 55-59 years olds is estimated to be $17.5 million.

Here is the graph for net worth for ages 55-59 in percentiles.

Median Net Worth by Ages 55-59

What is a good net worth by age 60?

Here are net worth goals for 55-59 year olds. This table is helpful to compare your net worth with your age group.

Net Worth GoalsAges 55-59
Below AverageBelow $193,549
AverageAbove $193,549
GoodAbove $644,806
GreatAbove $2,506,118
Net Worth Goals Ages 55-59

For a good net worth by age 60 aim for the 75th percentile of $644,806.


15 tips to increase your net worth

Here are some tips to increase your net worth. Remember, net worth is assets minus debts. So, you need to increase assets and decrease debts.

  1. Save every month. Make savings a habit.
  2. Pay off credit cards fast. Avoid credit card debt if you can.
  3. Pay off all your debts especially any non mortgage loans.
  4. Invest in stocks using low-cost index funds
  5. Investments are better than savings. (Use total stock market index funds like VTSAX or SWTSX.)
  6. Let your investments grow using compound interest. (Remember the Rule of 72)
  7. You need a plan, so make and follow a budget.
  8. Invest in a retirement plan at work like a 401k and a Roth IRA.
  9. Increase your income to increase your investments.
  10. Control spending so you can save and invest more.
  11. Track your net worth and update it annually.
  12. Compare your net worth to your age.
  13. Increase your skills to improve your income. Learn to earn.
  14. Owning a home is an investment. Homeowners typically have higher net worth
  15. Be patient because net worth grows with age and income.


Net worth calculator

Here is a net worth calculator to compute your net worth.


More on net worth

What is Net Worth?

U.S Average Net Worth by Age

U.S. Average Net Worth by Age 30

U.S. Average Net Worth by Age 40

U.S. Average Net Worth by Age 50

U.S. Average Net Worth by Age 60

U.S. Average Net Worth by Age 70

U.S. Average Net Worth by Age 80


Jeff Mankin

Jeff Mankin teaches financial literacy. His website is FinallyLearn.com.

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