Average Net Worth By Age (2025 Edition!)
In this video we cover the average and median net worth by age in 2024/2025 and go over target/stretch goals for those in your 20s-60s.
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
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⏱️ Timestamps:
0:00 – Start Here
0:35 – 20’s
2:21 – Stretch Goals
5:13 – 30’s
8:35 – 40’s
11:35 – 50’s
13:39 – 60’s
So I’m not killing it… but I’m strangling it lol. Quite the gap between high end and killing it.
I’m not killing it, but I’m poking it!
Lets just say I would be tried for attempted murder
Who am I kidding? I’m just sparring with it
Yep lol I know. Its meant to be a very big stretch goal
Keep in mind that those numbers are good for a decade. So being in the early thirties and being in the middle is pretty close to killing it imo. Time is everything.
2025 is going to be a great year!!
agreed!
Not with interest rates and mortgages. I am in my early 30’s and will never afford a house unless I cash out my retirement (which i am not going to do), or I live in a substandard area full of crime and ghetto people.
Especially after January 20th!
Im 25 and a half and my spouse and I have around 30K in investments and 20K in savings. Being married so young (23) definitely helps with the plan. The idea is to have ~150K in investments by the time we are 30.
Totally obtainable and if your investments do well you’ll do a lot more most likely.
awesome!!!
Good job! Most people our age pay zero attention to investments so your mindset already puts you ahead of 90%.
Use your money to get a skillset or education to level up your income potential.
27 & single at 200-250k depending if I want to sell my business 🤷♂️
Used to go out alot and party I had no saving until around 21, then i switched it up. Tbh In the last 2 years ive basically lost all my friends, most of the people around me didn’t support my mindset, rifts were created. I spend all my time focusing on being the best version of myself this includes working on mindset, gym, work, business and talking to a small amount of people who have made it or similar interests about business, stocks and crypto. I just passed the new year 12am at the gym and then working afterwards.
It is what it is, trying to become a millionaire before 30, let’s see who wants to come around to support me then.
Great to see, just turned 30 and well above $250K and killing it on my own🙏🏻
I just gotta continue investing and be a bit more aggressive in my 30’s.
stop flexing lil bro
@ItsOnPaper Lmao 🤣, I’m just happy! I Come from a poor latino family with my dad dropping out of HS and my mom with a HS degree only; who both immigrated from there countries 35 years ago.
I’m in the rare statistic of making it but worked hard these past 8 years to be where I’m at (:
No debt and working as a software engineer 🙏🏻
Hell yeah, I’m 24 and have a $150k net worth. Between cash and investments, I want to buy a house soon (currently renting) and still plan on increasing my income/ knowledge. Congrats to everyone!
run the buy vs rent calculator before choosing to buy. Buying a house is not always necessary just bc america tells you you need a house
I’m in exactly the same boat I just don’t know if to buy a house and just keep on investing.
@@gonzaloagustinzambrano2507 I agree, properties in my area are still selling like hot cakes. Realistically I need to meet more people in the RE space because you won’t find deals on Redfin/ zillow it’s usually relationships that can help with that but I do plan on house hacking OR using 1099 income (using a portion of said property strictly for business) to have deductions on mortgage costs against said income. But we’ll see, still a dilemma if there will be a RE market crash or if rates will go down. But good luck to you.
Side note: I personally wouldn’t stop investing in stocks, it’s worth it as costs of investing are lower than in RE, you will have maintenance costs and your mortgage can increase along with other headaches so best to think twice before biting the bullet.
Buy. You can sell it or if you pay it off fast, you can save thousands a month and peace of mind.
Only buy if there’s a way for you to rent out a suite or rent out a room. At least that’s what I’d do.
I appreciate the median and average. Definitely puts into perspective how much outliers can shift the numbers. Glad to say as I hit my mid 30s I’m close to the “killing it” number! Appreciate all of the knowledge you’ve shared in 2024. Hope 2025 is successful for you and all of the viewers!
Yep!! awesome, happy 2025!!
I am 68. I retired 9 years ago. I have a net worth of $1.2M with an annual income from pensions, annuities, and social security of $60k. I live comfortably in the Bay Area and do not need to withdraw from my retirement.
That’s perfect. Great job thinking ahead and enjoying your retirement.
Life goals 🙏🏾🙌🏾
Good job 👍👏. You got out of the rat race.
That all sounds great, but sorry you have to live in the Bay Area.
By retiring early, what do you do for medical coverage? Do you still have a job of some sort just for the benefits? Do you buy coverage from a benefits company?
I plan to retire by around 55, so I’m trying to learn more about what to do for insurances etc when not from a job.
Thanks!
Kudos on giving credit from where you are getting your numbers
of course
Humphrey i am proud of you i believe in your age you already killing the goal for 50s. Congrats you made it enjoy it 👍🏻
My wife and I are both 36. Just did our annual net worth statement from The Money Guy Show and we are officially net worth millionaires at $1.2M. Doesn’t feel like it though as 50% of our net worth is in retirement accounts and another 25% is in our home.
We started with Dave Ramsey’s FPU which got us on the same page, then graduated to The Money Guy and Humphrey as well as others to grow our wealth. Hopefully when our kids get older it’ll feel less like we have to penny pinch.
Keep up the hard work everyone!
You’re married. You gotta cut it in half
@@intensifier1346 no you don’t…. net worth is household . It is the total accumulation of assets minus the total accumulation of debts. If its good enough for the IRS or a lawsuit…. its good enough for retirement planning.
If you try to separate it…. Who would take how much of the house? Are they planning on retiring separately? What if one spouse doesn’t work, are they then worth nothing?
Now if they divorce… then sure… but divorce takes every retirement plan and throws it out the window along with their love
@@intensifier1346no he doesn’t you’re just bitter .
@@ryjoph89 there is no way you don’t think a single person with a certain net worth isn’t better off than a couple with that same net worth
@@intensifier1346 I never said two people with the same net worth as a married couple is not better off.
I said you don’t cut net worth in half if you are married. There is a definition of how net worth is calculated and that is not how it is calculated.
48 years old, former corporate executive – retired early. $3.1 million net worth – $700k home fully paid off, $800k 401k/IRA, $1.6m in taxable brokerage.
The $1.6m yields about 9% for $150k/year in dividends/distribution. My portfolio in my 401k/IRA is geared for growth with equal balance between VOO, VTI, QQQM, DIVO. My taxable brokerage is about equally balanced between JEPQ, SPYI, RQI, UTF, UTG, PBDC, PFFA, SCHD, TLTW for income.
Sheesh who’s your Financial Planner?
@ Friend I am my own financial planner. I have spoken to multiple financial planners who advocated the 4% rule and wanted to charge me .6-.8% each year. Until I get too old to do my own research, I am my family’s financial planner.
@@ericmark47 What did they say that made you think they had a financial planner?
@logicae4096, great summary with specifics in the taxable brokerage account. I am in the process of adjusting my taxable portfolio of stocks to dividend ETFs. 2024 was a stupid great year in the market. Now I want that explosive gains to build wealth for the next 20 years through dividend ETFs. Your list and my list are almost identical. Thanks for sharing. I have about $2.6mil in stocks and $1.4mil in property/IRAs between me and my Wife. I am “retiring” in March. 🎉 She wants to work for a few more years.
@@ericmark47watching videos like this and reading to get yourself educated to be your own financial planner is the best way to wealth!
I’m killing it. If I was in my 20s instead of 50s!
May you live to 100 and get all those extra years to Compound what you have.
@SnowyCountryChicken oh God I hope not. Unless a million or two just drops into my savings accounts
My wife and I have been married since we were 19/20. She grew up in poverty and I grew up chronically homeless. We had a huge negative net worth for many years. And we had kids almost immediately (no regrets, but certainly ill advised!). We are homeowners now, have a positive net worth, and are making rapid progress. It’s actually been fun to have kids along for the journey – they get to see the wealth being built, not just be born into it. I’ve started a business, a YouTube channel, and it’s hectic juggling everything – but I wouldn’t have it any other way. Success is all but guaranteed if you consistently work at and are willing to do what it takes regardless of where you started.
I’m chosing not to pay down my house, since I have a low interest rate. Investing that money makes much more sense, because not only can you earn a higher return, but that money is also liquid, and not locked up in your home equity.
Yes I have the money to pay off my condo ($33,000 left) but I’m thinking of investing it instead. My interest rate is 4% and 10% is the average rate of return in an SP 500 fund . Or I may put half toward my mortgage and the other half invested.
@georgialee6755
DON’T!
That’s the math speaking by the way,
A 6% spread justifies keeping the money invested!
Same camp. 60k left owed on my house at 4.375%. Putting an extra $150 towards the home. $250/mo in 60:40 retirement. 6%+4% match to 401k. Tax returns are always in I bonds. Live like your poor early. The faster the snowball gets rolling the less you’ll have to contribute later on.
neat breakdown Big H
Let’s get a turtle video like this!! 🐢
Happy New Year to everyone! Lets’ have a great 2025
thanks internet finance friend! I hope you 2025 is the best one yet.
I hope you get rich.
Very informative video you have, I have been able to understand the messages you pass but there are some other challenges that may come about when taking some other risks
I don’t think anyone that has dedicated time,money and efforts to scale to new net worths in whatever field of investments hasn’t reach some of the challenges that you would face personally.
My son has been able to help with such issues through a CFA he was able to link me up with. Since hiring my advisor? It’s been better handling such financial turmoil that may happen
Oh yeah! You can definitely say that, it does worry me a bit, but not as much as it would worry the average guy, my investment portfolio has survived a couple of recessions unscathed, been privileged to be guided under the stewardship of an extremely gifted investment manager by the name JOSEPH NICK CAHILL
Sure.. Joseph Nick Cahill has a really unique gift of being able to looking far ahead down the road to spot future investment portholes and possible major mishaps, so he helps me make the safest investments and also helps me hedge all my investments against possible future downturns
Ok… I’ve been able to do some research on the web and I found his site, he has his license so that’s reassuring
The idea behind The Elite Society’s Money Manifestation ebook really blew my mind. It’s like stumbling upon a hidden shortcut to financial abundance
This video is a game-changer! So much helpful information packed into one clip. I personally don’t like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
I used some techniques from that book to make money, and I can truly say I’m earning more now
great book!
Great video to start the year! ❤