Cindy LamotheSat, Jun 7, 2025, 9:01 PM 3 min readEver wonder how your nest egg stacks up as you near retirement? If you’re in your 60s and curious about what it takes to break into the elusive top 1%, you’re not alone. According to the Federal Reserve, the median net worth for Americans in their late 60s and early 70s is $266,400.That’s much, much lower than what the elite are working with.Read More: Here’s the Line Between Middle Class and Upper-Middle Class in Every StateFind Out: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth“People often assume that a few million dollars in savings places them at the summit of the wealth ladder, yet the numbers tell a different story once you compare yourself with the true top one percent,” said Andrew Gosselin, CPA, personal finance expert, and senior contributor at Save My Cent.Whether you’re just getting serious about wealth-building or already eyeing early retirement, here’s what you need to know about the net worth benchmarks that define the financial elite in your age group.“To be in the top 1% wealth bracket in your 60s, you’re typically looking at a net worth north of $11 million in the U.S., though this varies depending on the state you live in,” said Michael Foguth, founder of Foguth Financial Group. “But here’s the thing, chasing that number alone won’t guarantee peace of mind.”Gosselin agreed, noting that a person in their sixties usually needs between eleven and thirteen million dollars to break into that elite club in the United States.The threshold climbs because assets must cover not only daily living but also medical costs, longer life spans, and rising prices that quietly shrink the buying power of every dollar.“A nest egg that looked enormous twenty years ago can feel average when groceries, travel, and housing have each ratcheted up in cost,” Gosselin explained.Discover Next: 7 Signs You’re Quietly Getting Rich, According to Frugal Living Expert Austin WilliamsInside that eleven to thirteen million target, Gosselin said the balance sheet of a typical one-percenter in their sixties often starts with a primary home valued near a million dollars.Add a rental property or two that contribute both appreciation and steady cash flow and you edge closer to the mark.Retirement accounts such as a 401(k) or IRA frequently carry another million or more because long stretches of tax-advantaged growth compound quietly in the background.“A diversified mix of stocks, bonds, and alternative holdings like private equity fills in several hundred thousand more and guards against relying on a single asset class,” said Gosselin.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,000.36 +61.06 (+1.03%)Dow 3042,762.87 +443.13 (+1.05%)Nasdaq19,529.95 +231.50 (+1.20%)Russell 20002,132.25 +34.89 (+1.66%)VIX16.77 -1.71 (-9.25%)Gold3,331.00 -44.10 (-1.31%)PortfolioSign in to access your portfolioSign inTop gainersRXRX Recursion Pharmaceuticals, Inc. 5.49 +0.92 (+20.13%)MANU Manchester United plc 16.41 +2.60 (+18.83%)QXO QXO, Inc. 19.00 +2.25 (+13.43%)QBTS D-Wave Quantum Inc. 18.62 +2.15 (+13.05%)LMND Lemonade, Inc. 39.88 +4.12 (+11.52%)Top losersLULU lululemon athletica inc. 265.27 -65.51 (-19.80%)DOCU DocuSign, Inc. 75.28 -17.62 (-18.97%)BRZE Braze, Inc. 29.73 -6.37 (-17.65%)ORLA Orla Mining Ltd. 11.11 -1.24 (-10.04%)ABM ABM Industries Incorporated 46.61 -4.65 (-9.07%)Most activeAPLD Applied Digital Corporation 13.86 +1.09 (+8.54%)TSLA Tesla, Inc. 295.14 +10.44 (+3.67%)NVDA NVIDIA Corporation 141.72 +1.73 (+1.24%)LCID Lucid Group, Inc. 2.1500 +0.0200 (+0.94%)F Ford Motor Company 10.26 +0.16 (+1.58%)Earnings eventsTrending tickersBTC-USD Bitcoin USD 105,870.59 +1,490.90 (+1.43%)ACHR Archer Aviation Inc. 10.19 +0.83 (+8.87%)ETH-USD Ethereum USD 2,523.09 +32.01 (+1.28%)XRP-USD XRP USD 2.18 +0.01 (+0.45%)DOGE-USD Dogecoin USD 0.18 +0.00 (+2.52%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.