How Many Retirees Actually Have $1M in Investments (Excluding Their Home)

How many Americans really have $1 million in net worth once you take their home out of the equation? In this video, we break down the latest Federal Reserve data to show how many households — and retirees — actually reach millionaire status in investable assets. You’ll see why home equity skews the numbers, what percentage of retirees hold $1M+ in portfolios, and why context like cost of living and withdrawal rates matters so much. If you’re planning for retirement, this deep dive will help you understand what $1 million really means — and whether it’s enough for the lifestyle you want.

00:00 Intro
00:27 Broad Numbers (All Households)
01:31 Why Excluding Home Equity Matters
03:04 Retirees and Investable Net Worth
03:49 Retirees With $1M+ in Investments (Excluding Home Equity)
06:01 Why This Data is So Hard to Pin Down
06:18 Accounts are incredibly fragmented
06:59 No universal reporting requirement
07:26 Surveys rely on self-reporting
08:00 Valuation issues
08:37 Incentives to stay private
09:06 Sampling & timing problems
10:19 Where We Get Our Data
11:13 Why Social Context Matters More Than the Number
12:27 Big Takeaways
13:01 Actionable Steps
16:29 Bloopers

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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

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