In the early 70s, wealth is typically at or just past its peak, and required minimum distributions begin at 73 for most people. Households headed by someone aged 70–74 have a median net worth of $433,100 and an average of $1,714,000. The net worth percentile calculator gives your exact rank.
Net Worth at 70 by Percentile
| Households Headed by Someone Aged 70-74 | Net Worth |
|---|---|
| 25th percentile | $123,600 |
| Median | $433,100 |
| Average (mean) | $1,714,000 |
| 75th percentile | $1,209,100 |
| 90th percentile | $2,997,400 |
Source: Federal Reserve, 2022 Survey of Consumer Finances, public data (2022 dollars). Families grouped by the age of the household head; percentiles computed from the survey's weighted records. Based on about 374 surveyed families, so treat single-band figures as approximate.
Is Your Net Worth Good at 70?
| Net Worth | Share of Households Aged 70-74 With Less | Where That Puts You |
|---|---|---|
| $10,000 | 10% | Below the median |
| $50,000 | 18% | Below the median |
| $100,000 | 22% | Below the median |
| $200,000 | 31% | Below the median |
| $250,000 | 34% | Below the median |
| $500,000 | 53% | Above the median |
| $1,000,000 | 70% | Above the median |
| $2,000,000 | 83% | Top 25% |
| $3,000,000 | 90% | Top 10% |
| $5,000,000 | 94% | Top 10% |
Source: Federal Reserve, 2022 Survey of Consumer Finances, public data (2022 dollars). Families grouped by the age of the household head; percentiles computed from the survey's weighted records. Share with a net worth below each amount, from about 374 surveyed families.
Early 70s: Spending Down Carefully
Required minimum distributions from traditional retirement accounts start at 73. Many households begin drawing down savings, while wealthier ones often still grow because returns exceed withdrawals.
Compare Other Ages
- Average net worth at 65
- Average net worth at 75
- Average net worth by age (all ages)
- Net worth percentile by age calculator
- Net worth goals by age
Part of the net worth guide.
Sources
- Board of Governors of the Federal Reserve System. “Survey of Consumer Finances” (2022 public data). federalreserve.gov/econres/scfindex.htm
- Fidelity Investments. “How much do I need to retire?” fidelity.com
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