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The median US family aged 55–64 has a net worth of $364,500. The average is $1,566,900 — pulled up by the very wealthy, which is why the median is the fairer comparison.
The Federal Reserve puts the median net worth of families headed by someone 55–64 at $364,500. Half of those families are above that line and half below, so it is the honest answer to "how am I doing?". The average for the same group is $1,566,900, roughly 4.3 times higher, because a small number of very large fortunes drag the mean upwards — quoting the average is how most articles make readers feel poor.
Net worth is everything you own minus everything you owe, and at 60 it is usually a small number sitting on top of two large ones: families in this band typically carry about $108,300 of debt, mostly mortgage and student loans. A negative or barely positive figure after graduation is normal and is not the same as being behind. The calculator below opens on the typical picture for 60; replace the two numbers with yours.
Calculate your personal net worth by subtracting your liabilities from your assets
Your Net Worth
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Net Worth Tracker is where this stops being a one-off number: keep your real balances there and the projection updates itself.
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The wealth equation from The Millionaire Next Door — age × pre-tax income ÷ 10. It is a rule of thumb, not a law: it is unreachable for most people before their thirties and forgiving after fifty.
| Your annual income | Target net worth at 60 | Versus the 55–64 median |
|---|---|---|
| $40,000 | $240,000 | −$124,500 |
| $60,000 | $360,000 | −$4,500 |
| $80,000 | $480,000 | +$115,500 |
| $100,000 | $600,000 | +$235,500 |
| $150,000 | $900,000 | +$535,500 |
Ages