Everyone aspires to achieve financial stability, but if you ask most people about their net worth, the majority can’t provide an answer. This lack of awareness is a significant obstacle in building wealth, as you can’t grow what you don’t measure. Your net worth is a crucial indicator of your financial health. Imagine selling everything you own, paying off all debts, and depositing the remaining money into a bank account – the resulting amount is your net worth. This figure is essential for tracking your financial progress. If you enjoy comparing yourself to financial benchmarks, this guide will help you understand how your net worth stacks up at various stages of life. Let’s dive into the details and discover what your net worth should be by every age.

Age 0–16: The Early Foundations

In the early years of life, wealth accumulation is largely out of the hands of children, as they are financially dependent on their parents or guardians. This period is marked by the formative stages of financial understanding—children are learning about the value of money, but they do not typically have the means or opportunity to build wealth on their own. For most, their net worth is composed of gifts, savings accounts, or other forms of financial support provided by their parents or relatives.

A child’s net worth can be influenced by a variety of factors such as parental income, the family’s approach to saving, and any early entrepreneurial efforts by the child. The most common forms of wealth for children in this age range are allowances, savings bonds, or proceeds from small-scale businesses like lemonade stands, car washes, or neighborhood yard sales. These activities can teach basic financial principles such as the value of hard work, saving, and the importance of spending wisely.

The average net worth for this age group typically falls between $500 and $1,000. While this figure can vary depending on the family’s financial habits and any early investments made on behalf of the child, it reflects the reality that children do not have assets in the traditional sense. In some cases, children may benefit from family financial planning, such as college savings accounts or investments made by parents or guardians. These financial assets, though earmarked for future educational expenses, could also contribute to a child’s net worth during this stage of life.

For exceptional cases, there are outliers where a child might inherit money, property, or stocks, increasing their net worth to significant figures such as $20,000. These cases, however, are not the norm. In fact, most children and teenagers will find themselves in the range of $500 to $1,000 in terms of net worth by the time they reach 16 years old. While this figure may seem modest, it is an early foundation upon which they can begin to build as they transition into adulthood.

The key takeaway here is that financial wealth for this age group is largely dependent on familial support. As a child, you’re not expected to generate wealth on your own, but the groundwork for understanding the value of money is being laid. The focus should be on learning basic financial principles—like budgeting, saving, and the importance of hard work—so that as you grow older, you’ll be able to build wealth independently.

Age 16–21: The Transition to Independence

The transition from childhood to adulthood is often accompanied by newfound independence, including a sense of responsibility for personal finances. For many people, ages 16 to 21 mark the first time they begin earning money on their own. Whether it’s through part-time jobs, summer internships, or entrepreneurial ventures, this period of life is about earning, spending, and learning about the responsibilities of money.

During this stage, young adults often use their earnings to buy personal items that enhance their independence or reflect their social status—things like smartphones, laptops, clothing, or entertainment. This is also the age when the desire for immediate gratification can overshadow long-term financial planning. It’s common for individuals in this group to prioritize spending on experiences (such as vacations) and material possessions, rather than saving for the future or investing.

The range of net worth for this age group typically starts at $2,500 on the low end and reaches as high as $10,000 on the higher end. At the low end, individuals may not have much saved at all, and might be struggling to manage debt or simply focusing on spending. Those on the higher end of the spectrum might have developed better financial habits—perhaps through part-time jobs, small entrepreneurial ventures, or early investments.

The median net worth for individuals in this age group is about $4,500. This figure is reflective of the fact that many 16-21-year-olds are still figuring out how to balance their income with their spending. For those who have been disciplined about saving and investing, net worth may exceed this median figure, showing that even at this young age, it’s possible to build a solid financial foundation.

To be in the top 10% by age 21, your net worth should be over $65,000. This is a significant milestone and one that highlights the outliers who are truly ahead of their peers. These top performers may have already started successful businesses, invested early in the stock market, or managed to save and invest diligently over the years. They understand the power of compounding and the importance of building wealth from a young age.

At this stage, it’s crucial to start thinking about the long-term impact of your financial decisions. The money you save, invest, and manage during these years can play a major role in determining your financial future. While spending on lifestyle is expected, balancing it with saving and investing can set you up for a strong financial future.

Age 21–25: Gaining Financial Clarity

Entering your mid-20s is a time of transition—graduating from school, securing full-time employment, and starting to form the habits that will define your financial future. By this age, you’ve likely moved past the stage of immediate gratification and are beginning to understand the long-term consequences of your financial decisions. As you start earning a regular income, the reality of managing personal finances becomes much clearer. The focus shifts from simply paying for immediate needs to building wealth over time.

In your early 20s, you might still struggle with balancing your spending and saving. Rent, bills, student loans, and transportation costs become a significant part of your financial picture. While these expenses may be necessary, they can also limit your ability to build wealth. Many individuals at this stage still live paycheck to paycheck, and saving or investing may not yet be a priority.

Your net worth during this period can range from $5,000 to $50,000. A low net worth in this bracket could reflect heavy student loan debt, little savings, or a lack of investments. On the higher end, individuals might have saved for retirement through employer-sponsored accounts, accumulated some assets like a car or small investments, or received financial support from family members.

The median net worth for individuals in this age group is around $10,800, highlighting the fact that many people at this age are still early in their financial journey. Many are still trying to get their finances in order—managing debt, learning how to budget effectively, and starting to save for short- and long-term goals.

To be in the top 10% of this age group, your net worth should exceed $100,000. Reaching this level at age 25 is a notable accomplishment and suggests that you’ve found ways to either earn a higher income, start saving early, or make savvy investments. Many people in this group may have a side hustle, a strong savings plan, or a career track that is already yielding substantial earnings. Being in the top 10% means that you’ve positioned yourself well for long-term financial growth.

For most people, however, reaching $100,000 by age 25 is unlikely. But it is an important benchmark to consider. If your net worth is still on the lower end of this spectrum, it’s time to evaluate your financial habits and make sure you’re saving, investing, and earning in ways that will set you up for a more secure financial future.

Age 25–31: The Marketplace Realizes Your Value

By the time you hit your late 20s and early 30s, the marketplace has a clearer understanding of the value of your skillset. This is the time when your career should be gaining momentum, and you should be earning a salary that is more reflective of your experience and education. Additionally, many people in this age group begin to make significant financial decisions that will impact their long-term wealth—buying homes, investing in retirement accounts, and starting to diversify their portfolios.

Net worth during this period typically ranges from $10,000 on the low end to $100,000 on the high end. At the lower end, people may still be paying off student loans, building up savings, or dealing with debts like credit cards or car loans. On the higher end, individuals may have purchased a home, invested in a retirement account, or begun accumulating a solid portfolio of stocks or bonds.

The median net worth for individuals in this age group is about $30,000. This reflects the reality that many individuals in their late 20s and early 30s are still paying off debts and struggling to balance their lifestyle with savings. This is a period of growth, but also a time when many people begin to face significant financial challenges, such as increased housing costs, starting families, or taking on more debt.

To be in the top 10% by age 30, you should aim for a net worth of at least $175,000. Those who achieve this milestone are usually individuals who have a strong grasp on their finances, have diversified their investments, and understand the importance of saving early. These individuals often have significant savings and may even have assets such as real estate investments or successful business ventures that are contributing to their wealth.

For most individuals, reaching this level of wealth by age 30 is a major accomplishment. The key to success during this period is understanding the importance of both saving and investing, as well as building a foundation of financial literacy that will carry you into your 30s and beyond. This is the age when the groundwork you laid in your 20s starts to pay off, and your ability to build wealth becomes even more apparent.

Age 31–35: Taking Control of Your Financial Future

Entering your 30s, you likely have a clearer understanding of your financial situation, and your earning potential has begun to increase. This is a stage in life where many individuals become more deliberate about their financial planning, and the realization that wealth is built over time becomes more apparent. You may have already bought a home, invested in the stock market, or started to diversify your portfolio. At this stage, you have more control over your finances and are likely more strategic in your decisions.

Net worth during this stage typically ranges from $50,000 to $250,000. On the lower end, individuals might still be paying off student loans or credit card debt, while those on the higher end could be building substantial assets like real estate or business equity. Many people in this age range have started to establish a solid financial foundation, but may still be refining their investment strategies.

The median net worth for individuals in this age group is around $90,000. For those who have done well, their net worth may reflect the combination of home equity, retirement savings, and other assets like stocks and bonds. To be in the top 10% at age 35, your net worth should exceed $375,000. This suggests that those in the top bracket have a combination of smart investments, growing businesses, or a high level of career success.

At this stage, your financial goals likely include building wealth for retirement, purchasing additional properties, or establishing a business that can continue to generate passive income. You are entering a period in your life where the financial decisions you make will have a lasting impact on your future, and your wealth-building strategy becomes crucial.

Age 35–41: Approaching Peak Earning Years

In your late 30s and early 40s, your career trajectory should be on an upward curve, with many people reaching their peak earning years. By now, you’ve likely established a professional identity, gained significant experience in your field, and may be receiving compensation that accurately reflects your skills and expertise. Your financial situation, in terms of both income and expenses, starts to stabilize, which opens up more opportunities for strategic wealth-building.

At this stage, net worth can range from $75,000 to $450,000. Those at the lower end of this spectrum may still be navigating significant debt—perhaps mortgages, student loans, or car loans—but they are starting to accumulate assets, such as home equity or retirement savings. People in this age range are likely beginning to realize the importance of managing their finances effectively to secure a comfortable future. Those on the high end of the spectrum have typically paid off major debts and have started building wealth through investments in property, retirement accounts, and other assets.

The median net worth for this age group is about $141,000, which shows that many individuals in their 30s are still working towards securing their financial future. They may be balancing the responsibilities of homeownership, child-rearing, and other family-related expenses while trying to build wealth for retirement. For these individuals, saving and investing regularly is key to building a financial foundation that will allow them to weather the later stages of life comfortably.

To be in the top 10% by age 40, your net worth should be around $700,000. This is a significant milestone and indicates that you’ve managed to consistently save and invest wisely over the past decade. Individuals who fall into this category have usually taken advantage of opportunities like buying real estate, making early investments in the stock market, and diversifying their income streams. They are also likely adept at managing their lifestyle so that it doesn’t outpace their wealth-building efforts.

By age 40, it’s important to shift your focus from simply accumulating wealth to preserving and growing it. The lifestyle choices you make at this stage—whether it’s investing in assets like real estate or increasing your stock market portfolio—will significantly impact your future financial security. The top 10% are able to leverage their financial discipline, past successes, and investments to create lasting wealth that will support them as they approach their 50s and beyond.

Age 41–45: The Time for Long-Term Financial Security

As you move into your early 40s, you’ve likely settled into a financial rhythm. Your career has reached a point where your earning potential is stable, and you may have hit a point where income growth is slower, but your wealth-building efforts are starting to bear fruit. This is the time when financial security becomes a key focus—ensuring that your wealth continues to grow and is protected from future risks. If you’ve been diligent in your financial planning, you may already own property, have a solid investment portfolio, and have diversified your wealth across different asset classes.

At this stage, a low net worth might be around $100,000, with the higher end nearing $750,000. People on the lower end might still be paying off significant debts, particularly if they are raising children or managing expensive lifestyle commitments. Those in the higher range are likely to have paid down most of their debts and accumulated assets in various forms, including real estate, stocks, and retirement funds.

The median net worth for people in this age group stands at approximately $215,000. Many in their early 40s are beginning to see the power of compounding in their financial portfolios. With mortgages and student loans likely paid off, the net worth of individuals in this age group tends to grow more quickly as their assets appreciate and their financial situation stabilizes.

To be in the top 10% by age 45, your net worth should exceed $1.95 million. This milestone is often reached by individuals who have mastered the art of making their money work for them, whether through profitable business ventures, high-paying careers, or consistent and disciplined investing. Individuals in the top 10% understand the importance of not just saving money but making strategic investments that will continue to grow their wealth. The top earners have diversified into multiple asset classes, including stocks, real estate, private equity, and even luxury items that appreciate over time.

At this stage, you may also begin thinking more seriously about retirement planning. With the bulk of your career behind you, it’s time to focus on wealth preservation and continued growth. This could involve increasing contributions to retirement accounts, investing in assets that will provide passive income, or considering how you’ll manage health care costs in the future. Your financial future is starting to feel more secure, but it requires careful planning to ensure that you maintain or increase your wealth over the next few decades.

Age 45–51: The Power of Assets and Investments

As you enter your late 40s and early 50s, you’re likely experiencing the benefits of the financial strategies you implemented in your 30s and 40s. At this stage, your assets and investments may be growing faster than your income, thanks to the power of compounding. This is when the hard work you put in during your earlier years begins to yield significant returns, and you have the financial freedom to make more strategic decisions about how to manage and protect your wealth.

A low net worth for this age group might be $175,000, while the high end could reach $950,000. Those on the lower end may still have some lingering debts, such as mortgages or business loans, but they are likely beginning to see their wealth increase due to appreciation in property values and smart investments. For those on the high end, the focus may be on managing a growing portfolio of assets, such as real estate, stocks, and retirement funds, all of which are contributing to their increasing net worth.

The median net worth for this age group is about $215,000. As you enter your 50s, you’re likely seeing the benefits of long-term planning: your assets have grown significantly, and you may even have multiple streams of income. This is the stage where many people begin to feel more comfortable with their financial situation and can start thinking about the legacy they want to leave behind. With mortgages mostly paid off and other major expenses behind you, your financial situation is likely becoming more predictable, and you’re looking ahead to retirement with a greater sense of certainty.

To be in the top 10% by age 50, your net worth should exceed $1.95 million. Those in the top 10% at this age are likely benefiting from years of smart investing, including stocks, bonds, real estate, and perhaps even a successful business venture. They have likely built significant wealth and are now focusing on wealth preservation and growth, rather than earning large amounts of income. These individuals have diversified their portfolios and have a strong financial foundation that will support them as they transition into retirement.

By age 50, the focus should shift from earning income to ensuring that wealth continues to grow and is protected. This could mean working with a financial advisor to optimize investment strategies, reduce taxes, and ensure that your portfolio is positioned for continued growth. It’s also a good time to start planning for retirement—ensuring that you have enough saved up to live comfortably in your later years and leave a legacy for your family.

Age 51–55: Preparing for Retirement

Entering your early 50s, retirement starts to feel more like a reality. This is when many people begin to assess their financial situation more critically, as they realize they are now only a decade or so away from leaving the workforce. While you may still be actively earning, you are likely starting to focus on how you can make your wealth work for you in the long term. At this point, your primary concern might shift to retirement planning, long-term care, and the preservation of the wealth you’ve spent decades building.

A low net worth during this period would be around $200,000, with the high end reaching up to $1.75 million. Individuals on the lower end of this spectrum may be near or in the process of paying off their mortgages, with limited retirement savings. On the higher end, people have likely made substantial progress with their retirement planning, have paid off most of their debts, and have begun to consider how their wealth can continue to grow without heavy reliance on employment.

The median net worth for individuals in this age group is about $350,000. At this point, many individuals are preparing for the next phase of their lives, focusing on accumulating enough wealth to retire comfortably. They might have paid off their homes, diversified their investments, and are beginning to explore alternative investment strategies, such as real estate or high-end collectibles.

To be in the top 10% by age 55, your net worth should exceed $2.5 million. This threshold is a sign that you’ve managed to grow your wealth in a way that will allow you to live comfortably throughout retirement. Top performers in this category have likely invested early in real estate or stocks, and their portfolios have grown significantly over the years. By age 55, many people in the top 10% have already made their wealth work for them through passive income streams, which will be critical as they transition from earning income to relying on savings and investments to sustain their lifestyle.

Retirement planning is now at the forefront of your financial strategy. You might be downsizing your lifestyle, reducing expenses, or rebalancing your investment portfolio to ensure it’s positioned to provide income during retirement. Whether it’s investing in tax-advantaged accounts, considering annuities, or simply making sure your wealth is properly diversified, your financial future is more secure now than at any point in your career.

Age 55–61: Preparing for Retirement

By the time you reach your late 50s, the countdown to retirement begins in earnest. Most people at this stage have likely experienced the financial advantages of years of steady growth in their savings, investments, and property holdings. With retirement on the horizon, many individuals begin focusing on the best strategies to preserve and grow their wealth while considering how much money they will need for retirement. This stage often marks a shift from wealth accumulation to wealth preservation.

Net worth for individuals in this age group typically ranges from $250,000 to $1.75 million. Those on the lower end of the spectrum might still be dealing with mortgages or other financial obligations, but they are nearing the end of their debt repayment journey. Those at the higher end of the spectrum are likely to have significant wealth invested in various asset classes, including real estate, stocks, and retirement accounts.

The median net worth for this age group is about $350,000, but top performers have exceeded this figure substantially. To be in the top 10%, you should aim for a net worth of $3 million. At this stage, individuals in the top 10% are likely focused on securing their financial future through conservative investments, such as bonds or dividend-paying stocks, while also considering strategies for minimizing taxes and expenses in retirement.

As you approach retirement, the focus should shift to ensuring that you have enough money saved to maintain your desired lifestyle. You may be reviewing your retirement plans, considering downsizing your home, or exploring how to make your wealth last well into your golden years. This is the time to set a solid financial plan in place, with a particular emphasis on securing a comfortable and sustainable retirement income.

Age 61–65: Traditional Retirement and Asset Liquidation

By the time you reach 61 to 65 years old, traditional retirement is likely on the horizon. For many people, this period represents the culmination of decades of work and saving, and it’s a time to begin transitioning from earning income to drawing down savings and investments. The reality of not having a regular paycheck can prompt many people to assess their financial situation carefully. The goal now shifts from wealth accumulation to preserving and ensuring that the wealth you’ve accumulated can sustain your lifestyle for the rest of your life.

At this stage, net worth can range from $300,000 on the low end to $2 million on the high end. People on the lower end of this spectrum may still have some debts, such as mortgages or medical bills, and may not yet have accumulated enough savings to retire comfortably. On the other hand, those at the higher end of the spectrum have likely paid off their major debts (such as mortgages), built a healthy investment portfolio, and are ready to live off their assets.

The median net worth in this age group is approximately $400,000. This represents individuals who have consistently saved throughout their careers and have begun to downsize or reallocate assets to prepare for retirement. Their homes are likely paid off, and they have some retirement savings, such as 401(k) or IRA accounts. However, they may not yet have enough assets to retire without the need for additional income streams, like pensions or Social Security.

To be considered in the top 10% by age 65, your net worth should exceed $3.3 million. At this stage, individuals with that kind of wealth have a diversified portfolio of investments that generate passive income, such as dividends from stocks, rental income from real estate, or returns from private equity investments. They are likely well-prepared to retire comfortably and live without financial stress, focusing on leisure, travel, and spending time with loved ones.

However, for many in this group, concerns about healthcare costs, unexpected expenses, and managing their retirement savings are very real. This is the stage when you may begin to liquidate some assets—such as downsizing your home or selling non-essential properties—to ensure you have enough liquidity to cover living costs and health care. Most people will start focusing on reducing their spending, but top earners may still be growing their wealth, using their retirement savings to create a sustainable income stream for the future.

Age 65–71: Retirement and Beyond

Entering your 60s signals the beginning of a new phase in life—retirement. At this stage, only a small percentage of people continue working full-time. Many individuals, especially those in the top 10%, have been preparing for this transition for years, and retirement becomes a time for reaping the rewards of decades of hard work and saving.

For those in the lower range, net worth might be around $300,000, while the higher end can reach up to $2 million. The median net worth stays around $400,000, reflecting that many people at this age still have assets tied up in their homes or modest savings accounts. For those nearing retirement age, it’s crucial to have a plan for how to convert assets into income. Many retirees rely on Social Security, pensions, and withdrawals from retirement accounts to cover their living expenses.

To be in the top 10% by age 70, your net worth should exceed $3 million. This indicates a level of financial security where an individual can comfortably retire, without the worry of running out of money. These individuals have multiple income sources—such as dividend-paying stocks, rental properties, and retirement savings—that continue to generate revenue, even after they stop working full-time. Their focus is likely to shift from earning and accumulating wealth to managing and preserving it.

Retirement, however, is not without its challenges. While it offers more freedom, it also requires strategic planning to ensure that your assets last throughout your life. Healthcare costs and other unforeseen expenses often become more significant concerns, as individuals age and health care becomes a larger portion of their budget. At this point, it’s important to keep a diversified portfolio that includes both income-generating assets and a cash reserve to handle emergencies.

By this age, many people also begin to think about their legacy—how they want their wealth to be distributed among heirs, or if they want to leave philanthropic gifts. You may be reviewing your estate plan, creating a trust, or making decisions about gifting money or assets to family members. These decisions can have a significant impact on your finances, and careful planning is essential to ensure that wealth is passed on effectively.

Age 71–75: Maintaining and Growing Wealth

Even though you may no longer be working full-time by this age, your net worth continues to evolve. The value of your assets, particularly your home and investments, can still appreciate over time, and the increasing demand for property in many regions means that real estate holdings can continue to grow in value. If you’ve made wise investments in stocks, bonds, or businesses, your financial situation may continue to improve, even in retirement.

A low net worth at this stage is considered to be around $350,000, while those on the high end may have $1.85 million. The median net worth typically falls around $430,000, but for those in the top 10%, it exceeds $2.75 million. The top earners have likely diversified their assets significantly over the years, with investments in real estate, private equity, and other alternative assets. Many of them still have a financial strategy in place to ensure that their wealth continues to grow, despite the fact that they are no longer earning a full-time income.

While you may not be focused on earning money anymore, your wealth is still growing and generating income through various investment vehicles. People in this age group are often living off their income from pensions, Social Security, and their asset portfolio, but those in the top 10% may still see an increase in their wealth. The increasing value of their investments and property helps hedge against inflation, providing them with a buffer as they navigate their retirement years.

For many people in this age bracket, their primary concern is managing healthcare costs, ensuring long-term care if needed, and reducing taxes on their estates. While most retirees have lower income needs than during their working years, the desire to maintain financial security and avoid outliving their savings is a pressing issue. Additionally, this is the time when many individuals are preparing their assets for inheritance, making sure their children and grandchildren are financially supported.

For those who have been disciplined with their wealth-building strategies, this stage of life can be a time of financial security and continued growth. By reviewing their portfolios regularly and making smart decisions about healthcare and estate planning, they can ensure that they are comfortable in their retirement years, while also preserving wealth for future generations.

Age 75–85: Wealth Maintenance and Intergenerational Transfers

In your 70s and 80s, the primary focus shifts from wealth accumulation to wealth preservation. At this age, many individuals have already reached financial independence and are more concerned with ensuring that their assets last through their later years. The amount of wealth accumulated by this age group can vary significantly, depending on their career, investments, and personal financial strategies.

A low net worth at this stage is around $300,000, while the high end of the spectrum might reach $1.85 million. The median net worth is typically close to $350,000, but to be considered in the top 10%, your net worth should exceed $2.75 million. The wealthiest individuals in this group continue to benefit from the growth of their investments, and their assets may be appreciating even as they age. Real estate holdings, stocks, and other financial assets continue to provide income and security during these years.

During this period, the wealth that has been accumulated over a lifetime is typically passed down to heirs or used to fund charitable causes. Some individuals may sell their homes to move into smaller properties or retirement communities, freeing up funds for other uses. For many people, this is a time of reflection—both on their financial success and on the legacy they will leave behind.

People in this group are often managing their assets in ways that will maximize the benefit to their children or other beneficiaries. This can include giving gifts, establishing trusts, or ensuring that their estates are handled efficiently to minimize taxes. A significant portion of wealth in this group is often transferred to the next generation, which means that the financial decisions made during these years can have a lasting impact on future generations.

While many individuals in this group are living comfortably, concerns about healthcare costs and long-term care expenses often become more pressing. As individuals grow older, their healthcare needs increase, and without careful planning, it can be difficult to cover the costs of care. However, those in the top 10% have usually made arrangements to ensure that their wealth continues to serve their needs, even as they age. This includes preparing for long-term care, setting aside funds for unexpected medical expenses, and ensuring that their wealth is protected from inflation.

Age 85 and Beyond: The Final Years

For those who reach the age of 85 and beyond, the challenge of managing healthcare costs becomes even more prominent. By this stage, many individuals rely on their assets to fund their living expenses, as the ability to earn additional income has diminished. A low net worth at this stage might be around $250,000, while the high end can reach $1.2 million. The median net worth in this age group is typically close to $300,000, and to be considered in the top 10%, your net worth should exceed $1.9 million.

At this point, the focus is not on growing wealth, but rather on ensuring that assets last for as long as possible. Many individuals sell off property or other assets to fund healthcare or long-term care needs. Elderly individuals often rely on pensions, Social Security, or distributions from retirement accounts, and they may liquidate other assets to cover medical costs. Those in the top 10% are likely to have diversified their wealth into different asset classes, ensuring a steady income stream to cover their needs.

For most individuals in this group, the primary concern is healthcare. With the cost of medical care and long-term care rising steadily, individuals in their 80s and beyond must carefully manage their resources to ensure they have enough to cover the expenses associated with aging. Those who are well-prepared financially may have insurance to cover some of these costs, or they may have set aside substantial savings to fund their care.

Additionally, many people in this group focus on their legacy—how they want their wealth to be distributed after their passing. Whether through gifts to family members, charitable donations, or other means, individuals at this stage often take a proactive approach to ensuring that their wealth benefits others. For some, this may mean establishing a foundation or charity, while for others, it may involve ensuring their heirs are financially secure.

While the process of asset liquidation often occurs during these years, individuals in the top 10% are more likely to do so with a plan in place. With proper estate planning, tax strategies, and healthcare management, those in this group are able to navigate the final years of life with financial peace of mind.

Conclusion

Understanding your net worth at various life stages provides invaluable insights into your financial health and progress. As you’ve seen, the benchmarks vary significantly from early childhood to late adulthood, reflecting different financial responsibilities and goals. Regularly calculating and assessing your net worth allows you to make informed decisions, set realistic goals, and adjust your strategies to ensure financial growth. Whether you’re just starting your financial journey or are well on your way to retirement, these benchmarks can serve as a guide to help you stay on track. Remember, building wealth is a marathon, not a sprint, and consistent effort over time will yield substantial results. Keep measuring, keep improving, and secure your financial future.