Being a millionaire isn’t enough to join America’s top 10% — here’s the net worth it actually takes to be in the top

To be considered part of America's top 10% in terms of net worth, an individual or household must possess a net worth of approximately $2 million. This is significantly higher than the median net worth of a typical American household, which is around $192,900. The Federal Reserve's Survey of Consumer Finances provides a clear benchmark for determining this threshold.

Although many people believe they need $1.46 million to retire comfortably, according to Northwestern Mutual's 2026 Planning & Progress Study, the actual figure is much higher. Wealth is much more concentrated among the top 10%, with the top 0.1% experiencing a substantial increase in wealth since the pandemic. While reaching the top 10% often involves years of saving, investing, and managing financial setbacks, professional guidance from a financial advisor can be beneficial for those with larger portfolios.