What Should Your Net Worth Be – By Age

I always like to know if I’m on the right path and on schedule with my investing and saving.  I normally keep a spreadsheet of what my net worth needs to be at various points along my journey.  I use this as one of many tools to see if I’m making good decisions about saving, investing and avoiding purchases.  We each have a unique number that we are striving for.  Certainly, for a long time, one million dollars has been the “magic” number.  That’s not quite as magical as it once was but it’s safe to say that if you amass $1 million dollars at any age, you are doing much better than the majority of others.  So what amount of money do you need to have at each age?  Here’s a graph from age 21 up to age 65 with the dollar amounts you want to strive for at each age.  You can reach this number in multiple ways.  You could save more or compound your existing assets by changing your investment strategies.  You’ll find that some years you miss the mark and others you exceed it.  A changing market certainly will take it’s toll.


Age 21: $0.00 Age 32: $47606 Age 43: $158606 Age 54: $417418
Age 22: $2860 Age 33: $54274 Age 44: $174154 Age 55: $453672
Age 23: $5948 Age 34: $61476 Age 45: $190947 Age 56: $492826
Age 24: $9284 Age 35: $69254 Age 46: $209082 Age 57: $535112
Age 25: $12887 Age 36: $77655 Age 47: $228669 Age 58: $580781
Age 26: $16778 Age 37: $86727 Age 48: $249823 Age 59: $630103
Age 27: $20980 Age 38: $96525 Age 49: $272669 Age 60: $683371
Age 28: $25519 Age 39: $107107 Age 50: $297342 Age 61: $740901
Age 29: $30420 Age 40: $118536 Age 51: $323989 Age 62: $803033
Age 30: $35714 Age 41: $130879 Age 52: $352769 Age 63: $870136
Age 31: $41431 Age 42: $144209 Age 53: $383850 Age 64: $942607


Age 65: 1,020,875


Now for the assumptions:

-You invest $2500 per year over your entire life

-You earn an 8% interest rate every year  (In practice, some years will be better, some will be worse)


I confess that I love playing with numbers like this.  Using this tool, I can quickly glance at my investment balances and compare that to the chart above to make sure I’m on track.  I actually use a different set of numbers based on my income and my current balances to see where I will be if I keep up at the same rate that I’m investing today.  Since I know I want to have much more than $1 million by the time I retire, I’ve got a more aggressive age vs net worth chart.

Want to create your own chart?  Go to:


and punch in your own numbers!


  1. Mike says

    I wonder if that “1 million rule” is for one person or a couple. If I expect to be still happily married by the time I retire, should I aim for 2 million instead? Or, if I expect to be single, should I aim for only $500k?

  2. broknowrchlatr says

    Yep, definately dependent on your age. I am 27 and married with 2 kids. If I have $1mm when I am 65, it will be a significant failure.

    $1mm give you $40k of yearly income. But with inflation, that is less than $20k in 2007 dollars. Thats not much of a retirement.

  3. says

    Thanks to the magic of inflation, I think the scale is heavily dependent on age. The scale above looks like it would work well for someone nearing retirement, but I’m 38. I don’t think $1,020,875 is anywhere close to what I’ll need to have a really good retirement (yep, very subjective, I know) by age 65. My magic number is about 3.5 to 4x that, not including real estate.

  4. Hazzard says

    Yes, one million today (or yesterday) isn’t one million tomorrow. I think this is one view. It’s definitely worth figuring out how much you REALLY need by the time you retire and then making plans to meet that goal.

  5. says

    I’m guessing you don’t really meant Net Worth, which would include real estate, personal property, etc. It sounds more like you mean retirement savings. Dang! I was doing OK if you meant Net Worth. Otherwise, not so much!

  6. says

    Thanks for the calculator link… I do the “by age” calculation all the time on excel… It can take forever that way. I dreamed of this calculator LOL

    Great blog by the way :)

  7. says

    I agree with Grace – if you view it on the actual Net Worth side of things, it would lead me to think that I’m doing all right, but with retirement savings? Well, it’s definitely a wake up call. Also, as a side question, does anyone know whether insurance policies affect the calculation of real net worth?

  8. lolanyc says

    I love how they always say you will have a million by 65 with an 8% return… UMMM whne was the last time you saw 8% at any bank>?? its been YEARS! I think in a cd account Ive been getting 3-4% some even less. I remember back in the late 80s -90s I was getting 7%! but its been low for the last 5 years… maybe even 8 yrs.. So Im not making much as far as intrest,, BUT the best thing is to do some savings in the bank 50k at least.. then do a cd account… then do some 401k %…
    cant just rely on a 401k. if the world goes to crap you’ll lose it all. just like the RE bust a few yrs ago. I know some guys who lost over 150k in that bust. scarey!

  9. Lance says

    8% is totally reasonable if you’re looking at this on a grand scale. 8% growth is what the stock market has averaged over its entirety. Sure, if you invest in an index fund for 1-2 years, you may not hit that 8% growth, and may even see negative growth in some years (2007-2008, etc..), but if you invest over the 30-40 years that this article is suggesting, then 8% per year is what should be expected.