Average Net Worth for the Above Average Person (Minnesota, millionaire, live)

[aslowdodge]

Originally Posted by Ivan Putski

Curious as to everyone's thoughts on this. This is a combination of average pre-tax/post-tax savings plus home equity for the "above average person" as defined by the blogger Financial Samurai. This blogger's been cited by CNBC and other credible sources in the past. He's usually aggressive with his projections/savings goals but I thought this was fairly reasonable, or not?

Age/Net Worth

22: $0
23: $20,250
24: $46,750
25: $79,000
30: $250,000
35: $429,000
40: $660,250
45: $914,000
50: $1,240,250
55: $1,684,000
60: $2,180,250
65: $2,871,500

Source: https://www.financialsamurai.com/wha...e-30-40-50-60/

So is this for a single person?
If a couple is 50 years old should they have a total,net worth of 2.5 million? Or the 1.2 million?

[k7baixo]

Dang. Missed again. Lol

[NewbieHere]

I think it’s for a person, not a couple. Double it for a couple is my guess.

[mysticaltyger]

Originally Posted by k7baixo

Dang. Missed again. Lol

Me, too. Oh well. At least mine's on a decent upward trajectory.

[aslowdodge]

Originally Posted by NewbieHere

I think it’s for a person, not a couple. Double it for a couple is my guess.

Those are pretty high numbers then.

[mathjak107]

Originally Posted by aslowdodge

Those are pretty high numbers then.

they would be way higher then most people i know would be , if it does not count one pot of assets for a couple.

i now very few couples who would be 2x those numbers , especially because usually one person is responsible for bringing the bulk of the assets in to the marriage or accumulating those assets in the marriage unless it was a 2nd marriage where both parties tend to bring assets to the party

[Anchower]

Originally Posted by aslowdodge

Those are pretty high numbers then.

This calculator uses household data from 2016:
https://www.shnugi.com/networth-percentile-calculator/

If you doubled these "above average" numbers, a couple would land in the 98-100th percentile. That seems rather absurd.

[Thatsright19]

Originally Posted by aslowdodge

Those are pretty high numbers then.

My net worth isn’t even close to HALF of that number at my age bracket AND I have a spouse.

You win some you lose some lol.

[Rocko20]

Originally Posted by aslowdodge

Those are pretty high numbers then.

Without salary, careerfield, and location data these number are useless.

[mathjak107]

Originally Posted by Rocko20

Without salary, careerfield, and location data these number are useless.

a lot of the numbers may be from other sources of money .... looking at what they do for a living may mean little .

heck in our later years we made more in our investments , which was continually compounding , then my wife and i earned .


the power of compounding takes the bits and pieces we do manage to save and turns it in to more meaningful amounts .. so i m not so sure salary may play that large of a roll