Average Net Worth by Age

The average American household net worth is $748,800. However, a better comparison is the median net worth of $121,700.

This article shows average and median net worth by age.

What is net worth?

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

The net worth formula is Net Worth = Total Assets – Total Liabilities.

To calculate your net worth, see Net Worth Calculator: What’s Your Net Worth?

Tracking your net worth is the way to build wealth. Typically net worth grows with age. Workers make less money early in their careers, so their net worth is lower. Over time, household income and net worth typically grow.

Tracking your net worth is an important step to build wealth.

Net worth is a combination of a household’s income, savings, and investments. Growing net worth takes years. Since age and net worth are related, comparing your net worth by age to your peer group is helpful.

We used net worth by age from two sources:

Federal Reserve Board’s Survey of Consumer Finances with income and net worth numbers from 2019. This is the latest information available from the Federal Reserve.
Net Worth by Age Calculator for the United States from the excellent financial site DQYDJ.

What is the average U.S. net worth?

The most recent data is from 2019 that shows the U.S. average net worth is $748,800. However, a better number for comparison is the median net worth of $121,700.

What’s the difference between average and median?

A few ultra-wealthy households make the average net worth much higher than the median net worth. The median net worth is not affected by either negative numbers at one end or the huge numbers on the other side.

The median net worth is the middle value, so half the households are above and half below. Median net worth is the better number to compare for the typical American. The median net worth is also the 50th percentile. So, half of the households are below $121,700 with the other half above.

Since net worth grows with age, net worth by age is a good measure to compare for individuals.

Average net worth by age

The following table shows the 2019 U.S. household median and average net worth by age.

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

The Fed published the numbers in 2019. It is the most recent year that net worth and income numbers are available. The Federal Reserve publishes this report every three years. The next report will be released in 2023.

Head of Household Age	Median Net Worth	Average Net Worth
18-24	$8,216	$28,707
25-29	$7,512	$49,388
30-34	$35,112	$122,700
35-39	$55,519	$274,112
40-44	$127,345	$623,694
45-49	$164,197	$761,560
50-54	$171,320	$897,663
55-59	$193,549	$1,165,477
60-64	$228,833	$1,187,730
65-69	$271,805	$1,250,679
70-74	$258,531	$1,173,653
75-79	$272,976	$945,480
80 +	$235,193	$973,141

U.S. Average and Median Net Worth by Age

Let’s focus on the median instead of the average. The median better represents the average household.

Here is a graph of the median net worth by age. Net worth tends to increase over a person’s lifetime.

Net worth in your 20s

Americans in their 20s are just starting their work careers. Some are going to college and graduate schools. People in their 20s should start a 401k plan at work if available.

U.S. Average Net Worth by Age 30

So, people in their 20s usually have lower earnings, lower assets, and more student debt. This means that a significant number of people in their 20s have negative net worth.

According to the DQYDJ Net Worth by Age Calculator up to 29% of people in their 20s have negative net worth.

Ages 18-24 – 28% have negative net worth
Ages 25-29 – 29% have negative net worth

Here is the median net worth by age 30 sorted by percentiles:

Percentile	Ages 18-24	Ages 25-29
25th	($1,415)	($3,664)
50th	$8,216	$7,512
75th	$24,791	$61,568
90th	$93,732	$152,063

Net Worth in your 20s

Net worth by age 25

Here are net worth goals by age 25:

Below average net worth – below $8,216
Average net worth – above $8,216
Good net worth – above $24,791
Great net worth – above $93,732

Net worth by age 30

Here are net worth goals by age 30:

Below average net worth – below $7,512
Average net worth – above $7,512
Good net worth – above $61,568
Great net worth – above $152,063

Here are the net worth goals for people in their 20s:

Net Worth	Ages 18-24	Ages 25-29
Below Average	Below $8,216	Below $7,512
Average	Above $8,216	Above $7,512
Good	Above $24,791	Above $61,568
Great	Above $93,732	Above $152,063

Net Worth Goals in your 20s

Net worth in your 30s

Americans in their 30s have more stable careers and more earnings. They may have some student loans, car loans, and mortgages.

U.S. Average Net Worth by Age 40

People in their 30s need to focus on building wealth by saving and investing every month. They should maximize their 401k contributions if a plan is available through their employer.

Here is the net worth by age 40 sorted by percentiles:

Percentile	Ages 30-34	Ages 35-39
25th	$2,761	$5,177
50th	$35,112	$55,519
75th	$117,134	$228,275
90th	$258,741	$601,341

Net Worth in your 30s

Net worth by age 35

Here are net worth goals by age 35:

Below average net worth – below $35,112
Average net worth – above $35,112
Good net worth – above $117,134
Great net worth – above $258,741

Net worth by age 40

Here are net worth goals by age 40:

Below average net worth – below $55,519
Average net worth – above $55,519
Good net worth – above $228,275
Great net worth – above $601,341

Here are the net worth goals for people in their 30s:

Net Worth	Ages 30-34	Ages 35-39
Below Average	Below $35,112	Below $55,519
Average	Above $35,112	Above $55,519
Good	Above $117,134	Above $228,275
Great	Above $258,741	Above $601,341

Net Worth Goals in your 30s

Net worth in your 40s

Americans in their 40s should focus on increasing earnings and assets. They also should reduce debts. They should eliminate credit card debts and pay down mortgages and car loans.

U.S. Average Net Worth by Age 50

They should continue maximizing their 401k contributions through their employer.

Here is the net worth by age 50 sorted by percentiles:

Percentile	Ages 40-44	Ages 45-49
25th	$18,518	$19,872
50th	$127,345	$164,197
75th	$351,292	$452,226
90th	$848,815	$1,354,761

Net Worth in your 40s

Net worth by age 45

Here are net worth goals by age 45:

Below average net worth – below $127,345
Average net worth – above $127,345
Good net worth – above $351,292
Great net worth – above $848,815

Net worth by age 50

Here are net worth goals by age 50:

Below average net worth – below $164,197
Average net worth – above $164,197
Good net worth – above $452,226
Great net worth – above $1,354,761

Here are the net worth goals for people in their 40s:

Net Worth	Ages 40-44	Ages 45-49
Below average	Below $127,345	Below $164,197
Average	Above $127,345	Above $164,197
Good	Above $351,292	Above $452,226
Great	Above $848,815	Above $1,354,761

Net Worth Goals in your 40s

Net worth in your 50s

Americans in their 50s should focus on paying off all debts. They should eliminate credit card debts, mortgages, and car loans.

U.S. Average Net Worth by Age 60

They should continue maximizing their 401k contributions through their employer.

Here is the net worth by age 60 sorted by percentiles:

Percentile	Ages 50-54	Ages 55-59
25th	$38,973	$38,885
50th	$171,320	$193,549
75th	$493,928	$644,806
90th	$1,440,829	$2,506,118

Net Worth in your 50s

Net worth by age 55

Here are net worth goals by age 55:

Below average net worth – below $171,320
Average net worth – above $171,320
Good net worth – above $493,928
Great net worth – above $1,440,829

Net worth by age 60

Here are net worth goals by age 60:

Below average net worth – below $193,549
Average net worth – above $193,549
Good net worth – above $644,806
Great net worth – above $2,506,118

Here are the net worth goals for people in their 50s:

Net Worth	Ages 50-54	Ages 55-59
Below average	Below $171,320	Below $193,549
Average	Above $171,320	Above $193,549
Good	Above $493,928	Above $644,806
Great	Above $1,440,829	Above $2,506,118

Net Worth Goals in your 50s

Net worth in your 60s

Americans in their 60s should focus on paying off all debts to prepare for retirement. They should eliminate all credit card debts, mortgages, and car loans.

U.S. Average Net Worth by Age 70

They should plan on when to receive Social Security benefits.

Here is the net worth for people in their 60s sorted by percentiles:

Percentile	Ages 60-64	Ages 65-69
25th	$48,565	$44,125
50th	$228,833	$271,805
75th	$735,348	$808,183
90th	$1,995,238	$1,939,467

Net Worth in your 60s

Net worth by age 65

Here are net worth goals by age 65:

Below average net worth – below $228,833
Average net worth – above $228,833
Good net worth – above $735,348
Great net worth – above $1,995,238

Net worth by age 70

Here are net worth goals by age 70:

Below average net worth – below $271,805
Average net worth – above $271,805
Good net worth – above $808,183
Great net worth – above $1,939,467

Here are the net worth goals for people in their 60s:

Net Worth	Ages 60-64	Ages 65-69
Below average	Below $228,833	Below $271,805
Average	Above $228,833	Above $271,805
Good	Above $735,348	Above $808,183
Great	Above $1,995,238	Above $1,939,467

Net Worth Goals in your 60s

Net worth in your 70s

Many Americans in their 70s have retired and are living off their investments, pensions, and Social Security.

Here is the net worth by age 80 sorted by percentiles:

Percentile	Ages 70-74	Ages 75-79
25th	$70,081	$83,500
50th	$258,531	$272,976
75th	$816,274	$611,857
90th	$1,966,166	$1,541,480

Net Worth in your 70s

Net worth by age 75

Here are net worth goals by age 75:

Below average net worth – below $258,531
Average net worth – above $258,531
Good net worth – above $816,274
Great net worth – above $1,966,166

Net worth by age 80

Here are net worth goals by age 80:

Below average net worth – below $272,976
Average net worth – above $272,976
Good net worth – above $611,857
Great net worth – above $1,541,480

Here are the net worth goals for people in their 70s:

Net Worth	Ages 70-74	Ages 75-79
Below average	Below $258,531	Below $272,976
Average	Above $258,531	Above $272,976
Good	Above $816,274	Above $611,857
Great	Above $1,966,166	Above $1,541,480

Net Worth Goals in your 70s

Net worth in your 80s

Here is the net worth after 80 sorted by percentiles:

Percentile	Ages 80+
25th	$107,664
50th	$235,193
75th	$589,233
90th	$1,655,537

Net Worth in your 80s

Here are net worth goals over age 80:

Below average net worth – below $235,193
Average net worth – above $235,193
Good net worth – above $589,233
Great net worth – above $1,655,537

Here are the net worth goals for people over age 80:

Net Worth	Ages 80+
Below average	Below $235,193
Average	Above $235,193
Good	Above $589,233
Great	Above $1,655,537

Net Worth Goals in your 80s

15 tips to increase your net worth

Here are 15 tips to increase your net worth. Remember, net worth is assets minus debts. So, you need to increase assets and decrease debts.

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