Is a $5 million net worth rich?

Yes. A $5 million net worth is around the 95th percentile of U.S. families in the Federal Reserve’s 2025 survey. The top 5% begins at about $4.9 million, so $5 million is right at the line. It’s more than twice the $2.3 million that Americans told Charles Schwab in 2025 it takes to be wealthy.

In income terms, $5 million invested supports roughly $200,000 a year at a 4% withdrawal rate. That’s a top-10% household income with no job required. The same catch applies here: if most of the $5 million is a house and a business stake, the income it pays is far smaller.

How many Americans have a net worth of $5 million?

About 1 in 20 families, or roughly 5%. By age, that is well under 1% of families under 35, about 2% of those 35 to 44, 5% of those 45 to 54, and about 8% of families 55 and older. These counts include home equity and count families rather than individuals.

The net worth by age page shows the top 1%, 5% and 10% cutoffs for every age group.