Now that you have the results from the calculator, how did your net worth compare to other Americans in the same age group?
If you want to increase your net worth, there are some levers you can pull. You can:
- increase your salary, or, if you’re running a business, increase your profits
- save more of your salary, or business’s profits, on a monthly basis
- improve your earning rate. If your investments are earning a 4% yearly return, for example, then you can increase your return by becoming a better investor.
Keep in mind, the average return of the S&P 500 over the last 70 years has been closer to 10%. If you’re younger and don’t need the funds for many years, and are willing to take more risk, then you can invest in an S&P ETF. The higher the earning rate, the better the long-term compounding, and the richer you become.
Listed below are the top 1% of net worth by the different age groups in America.
The poorest cohort by age in the 1% bracket is the 25 to 29 age group at $700,000, while the richest is the 65 to 69 age group at $11,200,000. The wealth at the 1% level quickly declines after the age of 70 as the retirees stop earning and continue to spend into their retirement. Over the age of 80, the top 1% by wealth has $7,235,000.
| Age | Top 1% of Wealth by Age USA |
|---|---|
| Age 25 to 29 | $700,000.00 |
| Age 30 to 34 | $805,400.00 |
| Age 35 to 39 | $1,638,900.00 |
| Age 40 to 44 | $2,400,200.00 |
| Age 45 to 49 | $3,528,000.00 |
| Age 50 to 54 | $6,200,000.00 |
| Age 55 to 59 | $8,200,000.00 |
| Age 60 to 64 | $9,800,000.00 |
| Age 65 to 69 | $11,200,000.00 |
| Age 70 to 74 | $9,870,000.00 |
| Age 75 to 79 | $8,100,000.00 |
| Age 80 Plus | $7,235,000.00 |
| Age | Median Wealth by Age USA |
|---|---|
| Age 25 to 29 | $81,400.00 |
| Age 30 to 34 | $107,300.00 |
| Age 35 to 39 | $125,000.00 |
| Age 40 to 44 | $155,100.00 |
| Age 45 to 49 | $174,500.00 |
| Age 50 to 54 | $192,500.00 |
| Age 55 to 59 | $206,000.00 |
| Age 60 to 64 | $197,800.00 |
| Age 65 to 69 | $232,300.00 |
| Age 70 to 74 | $242,300.00 |
| Age 75 to 79 | $205,800.00 |
| Age 80 Plus | $372,000.00 |
