#92: Net Worth By Age in 2025

How does your net worth stack up

Author

Millennial Money Veteran
July 10, 2025 • Estimated Reading Time: 7 minutes

MMV here,

Net worth likes to get thrown out a lot on social media like it tells the whole story of someone’s financial wellbeing. 

However, it is a common denominator to use to measure someone’s financial health because everyone has a net worth (even if it’s a negative number). 

Wonder how you stack up against other people’s net worth?

Let’s dive in.

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The Brief

Net Worth By Age Report

What is Net Worth?

Net worth is a measure of one’s financial health. It’s a calculation that involves all of one’s assets against their liabilities. If your assets exceed your liabilities, you have a positive net worth. If your liabilities exceed your assets, you have a negative net worth. 

Why Calculate Your Net Worth?

It’s a good idea to have a sense of where you stand financially. Calculating your net worth offers several benefits:

  • Provides a Financial Snapshot: Listing out your assets and liabilities gives you a clear understanding of your financial situation and a way to keep track of its progress.

  • Tracks Progress: By calculating your net worth regularly (e.g., annually, quarterly, monthly), you can track your progress towards your financial goals.

  • Identifies Areas for Improvement: It helps you identify areas where you can improve your financial health, such as reducing debt or increasing savings.

  • Motivates Financial Action: Seeing your net worth grow can be a powerful motivator to continue making smart financial choices. I’ve heard this many times, which is why I recommend doing this.

How to Calculate Your Net Worth

Calculating your net worth involves two main steps: listing your assets and listing your liabilities.

Step 1: List Your Assets

Assets are everything you own that has monetary value. These can be categorized as follows:

  • Liquid Assets like cash on hand, the balance in your checking and savings accounts, and any money in money market accounts or locked into your Certificate of Deposits.

  • Investments including stocks, bonds, mutual funds, retirement accounts, real estate investments, cryptocurrencies, etc.

  • Personal Property like jewelry, vehicles, and collectibles are considered assets if they have a market value. 

Step 2: List Your Liabilities

Liabilities are everything you owe to others. These can be categorized as follows:

  • Short-Term Liabilities are debts that are typically due within one year like credit card debt, personal loans, medical bills, and taxes owed.

  • Long-Term Liabilities are debts that are typically due over a longer period of time like a mortgage, student loans, auto loans, and business loans. 

Step 3: Calculate Your Net Worth

Once you have listed your assets and liabilities, you can calculate your net worth using the following formula:

Net Worth = Total Assets - Total Liabilities

Simply subtract your total liabilities from your total assets to determine your net worth.

Example:

  • Total Assets: $250,000

  • Total Liabilities: $100,000

  • Net Worth: $250,000 - $100,000 = $150,000

In this example, your net worth is $150,000.

Calculate yours and see how you stack up against others.

Average Net Worth By Age

This data was collected from Empower who conducted proprietary research to determine the average and median net worth of their typical dashboard user. Following are the average and median net worth of these individuals, broken down by age:

Age by decade

Average net worth

Median net worth

20s

$113,084

$7,638

30s

$317,171

$35,649

40s

$791,616

$125,370

50s

$1,406,887

$288,263

60s

$1,703,727

$439,154

70s

$1,626,996

$367,286

80s

$1,521,375

$342,552

90s

$1,292,056

$293,322

Looking at this data, here are my observations:

  1. It’s obvious that people in their 20s have the lowest net worth given that they just started their earning years.

  2. The average vs median net worth is drastically different meaning there is a relatively small number of individuals with a very high net worth that skews the average upwards. The media represents the net worth of the midpoint of the data set of individuals. 

  3. Peak finances are in their 60s which makes sense since that’s their retirement age and withdrawals begin. 

  4. Most surprisingly, retirees only spent about 33% of their net worth over a 30-year period based on the data. This is REALLY interesting data.

Knowing your net worth helps you keep track of your financial progress so you can retire comfortably if you have a good plan in place and enough time on your side. 

Recommendations

🔧 Tools to Increase Your Net Worth

Budget Planning & Net Worth Tracker

Monarch Money is the best there is on the market if you want an app that will help you budget and save! It also has a feature to track your net worth. 

Investment Analysis & Net Worth Tracker

Personally, I use Empower to track my net worth because it gets updated every time I log in and I’m able to visually see it go up.

Coming Soon: Budget Spreadsheet

I’ll be producing a budget spreadsheet shortly as a low priced digital product. This is part of my strategy to really hone in on the personal finance education niche. To do that, I should offer a digital product that shows that.

Personal Finance Resources

🔧 Free Tools to Use

The 50/30/20 Budget Calculator is based on the 50/30/20 rule and you can use your actual spend to see the difference between the recommended numbers vs actual numbers. 

The 401(k) Growth Calculator is designed to help you visualize how increasing your contributions over time can dramatically impact your future.

The Traditional Fire Calculator calculates your FIRE number (annual expense x 25 using 4% withdrawal) and takes into account your current investments and future contributions to estimate when you’ll reach FIRE. 

The Long Term Rental Property Deal Analyzer will let you calculate your TRUE cash flow number after taking into account vacancy and estimated expenses.