By your fifties, the average net worth climbs to £400,000 or more. This sounds amazing, but it’s like finding a tenner in an old coat: you’re happy, but still broke in a different way. Most of that wealth is in your house and your pension, not in cash you can spend on a spontaneous trip to Tenerife.
You start to look at your retirement calculator like it’s a Ouija board. You might have a second property, or you might be living off the hope that your kids move out. It's a weird time when you are asset-rich but cash-poor. The joke is on you if you think you’ll retire early; you’ll probably have to sell your stamp collection first.
Wealth Calculator By Age - The Money Mind
