Average Net Worth by Age 35
As per the American Federal Reserve, the average net worth by age 35 is $76,300. If that seems high, it’s because the ‘average’ gets skewed due to ultra-high net worth individuals. To take away this bias, let’s look at the median net worth instead which is almost $14,000. That means 50% of people are above and 50% of people are below this number. This gives you a better idea of where you sit on the scale.
A rule of thumb says to have at least half your yearly income in assets by the time you’re in your 30s. For example, if you’re making $70K a year, plan to have at least $35,000 in assets (stocks, equity in a home, cash) after subtracting your debts & other liabilities.
Average Net Worth by Age 55
The average net worth by age 55 is $833,000 and the median is $169,000.
