Net Worth By Age in 2024: How Do You Stack Up?

This makes me feel a little bit better, though I still feel behind.

I’m 52 and have about $700k in financial assets (mostly 401(k) and Roth IRA but also a paid-off rental home) and a paid off $425k home.

I need to get on the ball.

Differing opinion on home value relation to net worth -- I've put in a lot of sweat equity over the last 10 years. I assume the taxable value as 'real' as opposed to the much lower cost I paid for the house. Taxable value at least in my case feels conservative relative to what the neighbors paid for comps. Subtract mortgage outstanding and it's over 40% of my net worth.

25 years old and just hit 100k net worth🎉🎉

A million is not enough these days. You can barely buy a single family home in a good neighborhood in a major metropolitan area for a million. Target goal in 2024 should be 5-10 million

I feel bad 7 figures took me until i was 59

Surprisingly, Median net worth and financial assets for american is not more than those of the middle income group in some developing countries. Is it possible for retirement for the cost of living today? I am not sure whether it is net worth per person or net worth per household? The average US household has 3.1 people per household.

This is dumb, its like buying stocks 10 years ago and still see it as its worht 10 years ago. Lets be real here lol

Do most people not own homes? When I seen the financial assets it seems very low for someone to own a home.

I never liked how my house is included in my networth. I can't use that money so it's useless to me. I guess in the future when I'm older I could consider selling, but right now my goal is to stay here as long as I can.

happy to say im 22 with over 60k in liquid assets. but im still far from fire according to yalls fire video but im still gonna do my best and hope to retire as early as possible.

I came to Canada in 2015 but only started looking at our retirement after some years, as we were approx.45 yo.
I am grateful we have always been living below our means, so we don't have to catch up with everything,. including debt.
We purchased a house with 10% down payment, without issues paying the mortgage every month.
My husband has a more than decent salary, I am not at his level but still increasing my income every year, making the most of my new career path.
Those are solid ground but I won't lie, I was scared when I discovered your channel, along with other ones, and started to educate myself on money, because saving is not enough.
We feel a bit tight sometimes today but now, we pay ourselves first. I was the only one at first and still could implement changes in the household that, I feel, make a difference.
We now live off my husband salary, from which we save 15% post taxes.
I earn 40% of his salary which is saved and invested toward retirement.
Between saving before and after tax, we saved/invested almost 50% of the household income pre tax.
I am beyond proud of ourselves and very grateful for your content: it has had a huge impact in the way we see our lives.

And we have hope that one day, we can live on our own term, before we get too old.
Thank you.

Edit - we own two real estate properties in our home country. We should hit the $1million networth threshold by the end of 2024... I can't wait.

I'm beginning to love your content. The factual analysis is constructive. The only thing that stops me from finishing the video is the slight high-pitched grating voice of the guy in a light brown jacket. I think a subtle lowering of his modulation would make it more bearable. Or speaking slower and more relaxed would bring in more bass in his voice. Otherwise, it's a great channel, and I look forward to more helpful data.

Let's make fun of all those people who want to be a 5 k a year citizen….. Plz!!!!

i retired at 62 im now 67 never looked back my net worth is little over 1 million dollars home is 1 million bank 154,000 in the bank income ss 2,000, union pension 1300, wife ss 1,000 our rental income from our 2 family home is 2300 a month and ebay store 600 a month

My wife and i (mid 30s) just did our net worth calculation and were astonished to find out that combined we're net worth millionaires, with ~450k in retirement/investments. Years of driving 20+ year old cars with multiple shades of paint (or as i called it, "custom" paint jobs) and knocking out $170k in student loans literally paid off. To people going through the struggle, take it step by (non trademark) baby step. You'll get through it. Its worth it.

when you say to save 25%, do you mean including both emergency fund savings AND retirement?

Retired at 55 several years ago. $1M in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA Emily Lois Parker. Able to help my elderly dad more, more time spent outdoors. Life is good!

you gentlemen represent a net good. I came from a Hot Mess... Too much back story to explain, but I know that every word Brian and Bo speak is true. The Optimism itself is not to be discounted. very powerful message. I retire this july. I will make more retired than I ever did while working, including OT.

I can’t believe money guys don’t track their net worth every month. I record every transaction so I always know and update my BS every month

Why are there so many bots advertising for scam financial advisors? Very sad, please block and ban them Money Guys! It takes away from your credibility and community in the comment section

When you talk about saving and investing 25% of income. It's that gross pay or take home. Because it matters if you live in a state where they take out a lot of taxes. So 25% of gross is quite a lot compared to net income

Dollar as a currency will not be around by next year!

These are low numbers

I'm 50, and I had a near-zero net worth at the beginning of 2019. I got a good paying job and started investing over 25%. Now I am at over $250K NW which mostly in TSP (401K-ish)/Roth IRA/Brokerage and about $10K cash. Additonally I will get about $3500/mo pension at retirement. So I feel pretty good even though I started late.

I missed out on Funding my Roth IRA.
I'm setting up my young daughter with a Roth IRA as soon as she gets her first job and earned income.
I'll match dollar for dollar what she saves in her Roth IRA.

Not including the past few years equity gains in your home makes no sense. If you had to sell your home to buy another one, you're going to need to come up with a hefty downpayment because nearly all homes have shot up in value since the pandemic. For example, I have about $400K equity in the home I bought in 2016. It's shot up about $300K in value. If I need to move I'm going to need all that equity to get another home of equal or higher value just to keep the new mortgage reasonable (especially given interest rates are around 6-7%). But hopefully I can just sit on my refied 15 yr mortgage (summer of '21) at 1.875% where I'm paying over $1000/month towards the remaining principle and only $400 month for interest. I will never, ever get a deal like that again. Anyway, I don't agree that we shouldn't include our current RE market values!

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

I’m 22 with 40 k saved and just paid off my student loans and live in CT. I feel like I’m behind tho

Why do we need to stack up to anything? We are all on a different spot with money so how can we stuck up to anything or anyone? CR*P IDEA!!! BUT AS NORMAL YOU HAVE BOTS IN YOUR COMMENTS SECTION!!

Do these two eat lead paint chips instead of potato chips?

Why is the house considered inflated but financial assets are not?

I'm a little ahead of the game. I am 55 years old and have a net worth of $1.4M. Through the years of investing, I conclude that these are the benchmarks everyone should achieve.
1. By age 35, one should have six figures.
2. By age 55, one should have seven figures.
3. By age 70, one should have eight figures.
Charlie Munger said that the first $100,000 is the hardest. I disagree. The first million was the hardest. It took me 24 years to achieve it, starting from age 27 and reaching that milestone at 51.

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people,One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Emily Lois Parker my FA.

@moneyguyshow , How should I calculate the value of my military retirement pension as I apply it to my 'know your number' calculus? I retired as a senior naval officer and receive a generous pension. I am grateful for this additional stream of income, but there is much debate in the finance/retirement universe on how to properly calculate its NPV. My thought is that since it is inflation-adjusted with an annual COLA adjustment, and it is essentially a GUARANTEED zero-risk income stream (assuming the 'full faith and credit of the United States...) then the most conservative basis for calculation seems appropriate. This isn't the same comparison as "how much money would you have to have in a normal market 401k or after-tax brokerage account to generate that monthly income steam?", because those are market risk-adjusted rates of return...this pension is essentially a no-risk inflation-adjusted rate of return that delivers a guaranteed monthly income stream. As a retired Navy Captain (O-6 on the pay table), I began receiving this monthly pension income when I retired in 2021; that will continue until my death with annual inflation adjustments. For 2024, I receive $9745/month ($116,940 annually) before tax from this Navy pension. I know it is worth millions regardless of how I calculate it, but I want to know the correct method for how to value the NPV of this income stream as I calculate my 'know your number' to double-check my calculations? I am in my second career, solidly in step 8 of the FOO, and on track to retire in 2 years at age 58. Many thanks! tate3441

When you look at the net worth vs assets columns it becomes clear that Americans spend a great deal on housing and the banks reap the benefits.

48, net worth of just over 400k...but, I have a 55k per year pension that I am already collecting that includes low deductible medical, dental, and vision insurance for life at 350.00 per month. By age 55, I will have drawn out more than my payments into the pension plan. My lifetime pension payments should significantly exceed my total career earnings.

All my new earnings can be invested because my pension covers all my expenses(0 debt). So my retirement accounts are booming.

Only if these guys would not talk soooooooo much
Get to the point gentleman

why did the recommended savings rate change from 15% to 25% ? When I was younger it was always 15%, just curious why it changed.

How I stack up? 35 with a car problem... I have owned 78 so far so yeah the only thing I am stacking is ice cubes.

By the time 20 and 30 year olds are retirement age a million dollars won’t be enough. A million dollars will barely buy a farmhouse with land now a days.

As a newbie about to invest, you must have these three things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advisor Like Anthony Charles white.

Sitting at age 30 with 50k in retirement but have about 330k of debt between house and school loans. I bought the cheapest house that was livable in my area, but 150k of students loans between myself and my wife hits hard

I began a full-scale assault on my credit card debt by making weekly payments. Once I was relieved of that weight, I followed the advise of my FA Emily Lois Parker and made investments in SCHD, VOO, and a few other well chosen stocks. 14 years ago, I started my own company. I am not wealthy, but I am rich because I work for myself and do not live week to week; it has been a long and arduous journey. Young folks, never give up! It can frequently take years to prepare yourself, get rid of the word "can't," and surround yourself with positive successful people (success is more than money). I could also include eating well and keeping a clear head.

BIB ON !!!!

Bryan really loves getting to do this every year! 😂❤

Why is Bo yelling/talking so loudly in the beginning of this episode? I almost skipped this show. But I ended up jumping forward to the 30 minute mark of this episode, and was able to finally enjoy the show. I do have a net worth of $1.5 million, but if I go by what I paid for my home 23 years ago, then my net worth would only be $650K. I'm not sure if that would actually be an accurate calculation of my net worth, since there are no homes or condos available for $300K in my location, not even close. Thank you for doing these Net Worth shows every year.

Living paycheck to paycheck. I put 11% 401k and 4% employee stock plan purchases (post tax). We get 10% off and it purchases 2x yearly. Dividends are put back into the pot for the next purchase. Does that actually count as 15% or so I just count the 11% 401k and do you count the employers match in that number? They match 4% if I do 7. I know it’s bad I’m looking for something else currently.

This is bad for America