You peak in your mid to late 50s around $17.5 million. From that age, your net worth fluctuates, but stays above $10 million, except that in your 80s it might dip ever so slightly below that.
“… we identify a threshold level of initial assets above which households accumulate assets, take on better occupations and grow out of poverty. The reverse happens for those below the threshold…”
It’s disheartening to see how most Americans never manage to build enough wealth for a decent retirement, and for most, it’s likely not because of poor choices, lack of talent, or laziness.