10.5% of Americans Aged 18-39 Have $500,000 by Age 40

According to an Investopedia analysis of the Federal Reserve's Survey of Consumer Finances, about 10.5% of Americans ages 18-39 have a net worth of $500,000 or more, while the median net worth for Americans around age 40 is approximately $178,000. Among those who do reach the $500,000 mark, home equity is a significant contributor, with 44.3% owning a home and having a median home equity of $100,000. Additionally, 53% of this age group possesses a retirement account with a median balance of $23,600, while 22.3% own stocks outside of retirement accounts with a median value of $5,000. This information highlights the financial challenges young Americans face and could inform retirement planning for investors.