Net Worth By Age Percentile Calculator for Canada with 2021 Data

Do you ever wonder how your net worth compares to other Canadians based on your age group?

Below you will find a net worth calculator based on age for Canada.

As you would expect, it takes a very different level of wealth to make it into the top 1% depending on your age. For example, to get into the top 1% in Canada if you are between 25 to 29 takes slightly over $400,000, but, for someone who is between 65 to 69 takes slightly over $9,700,000 in 2021.

And to make it into the top 0.1% (that’s 1/10th of 1%), or, the top 35,000 of wealth holders in Canada between the ages of 65 to 69 takes slightly over $30,000,000.

The calculator below is based on age. If you want to see where you stand in aggregate, and not based on age, you can visit this page:  Net Worth Percentile Calculator for Canada, and this page for the USA,  and if you’re looking for the wealth by age calculator for the USA, you can find that here, and lastly, if you want to know how to become rich, you can read this: How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club

The net worth calculator by age includes the equity in your primary residence.

Are you interested in making a few extra dollars in your spare time? You could be paid anywhere from $2 to $75 for completing an online survey. It’s free to sign-up, and you can get more details here.

Now that you’ve entered your net worth and age into the calculator, where do you stand in relation to other Canadians? Are you richer, or poorer than you thought relatively speaking?

And then, the next, and even more challenging question is, how do you make it into the top 1% of wealthiest Canadians?

You can read this blog post and it might help:  What Net Worth Makes You Rich? The Average Net Worth to Make it Into the Top 1% and How to Get There

In a quick summary, in order to make it into the top 1%, or to become a decamilliaonaire, you need to first, develop a wealth-creating mindset. You can read this article here:  How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club

Then, you need to take some calculated, and significant risks that will produce outsized results.  If you are a business owner, for example, and are making a profit of at least $700,000 a year, and can live off $100,000 of your business’s profits, and can save $500,000 (after taxes per year), and then invest those profits strategically at a 15% compounded rate, after many years, you will make it into the top 1%.

Here’s another article where I discuss how to make significant returns in real estate:  Here’s How To Buy An Apartment Building And Make A Whopping 110% In Three Years

Median Net Worth by Age in Canada

Since the definition of the median is the value at the midpoint, I used the percentile of 50%. The data below is the median, by age, of wealth holders in Canada.

Top 1% of Wealth by Age in Canada

Listed below are the top 1% of net worth by the different age groups in Canada.

The largest wealth by age group is for those in the 50 to 79-year group. Keep in mind, many younger Canadians graduate from college or university with college debt, so it takes time to accumulate wealth post age 20. You reach your peak wealth near the standard retirement age of 65, after which point the wealth slowly declines as the spending exceeds the wealth accumulation into the later retirement years.

The Wealth Challenge that Canadian Millenials Face

A large contributor to overall individual and family wealth is the value of the home. The older generation, Generation X, and the Baby boomers have taken advantage of the remarkable appreciation of real estate, especially in Canada’s hottest real estate markets, Toronto, and Vancouver.

As an example, in 1995, the cost of the average Canadian home was $109,000, and the average salary was $32,000, making for a 3.4 salary to home ration.

Fast forward to 2020, and the cost of the average home is now $622,000, and the average salary is $70,000. The salary to home ratio is now 8.9, which means, it takes significantly more salary to afford a home. As a result, it will be more difficult for the younger millennial Canadian generation to afford a home.

Having said the above, the home real estate equity is but a small subset of Canada’s top 1%, and top 0.1% overall net worth, those are people with $10 million, and $30 million respectively. To make it into the top 0.1% of net worth in Canada will take participating in a business that produces a healthy year on year profit, with larger than stock-market type yearly returns that exceed 8%.

Like I said above, if you can compound $500,000 per year for 20 years, with a 15% compounded year-on-year return, then you’ll make it into Canada’s top 0.1%.

Results of the calculator explained:  if you enter $100,000 for the age of 35 to 39 into the calculator, then you will see the result 44%. What that means is that your net worth is in the 44th percentile, in other words, you are richer than 44% of other Canadians between the ages of 35 to 39.

Net Worth by Age in Canada for Select Ages and Percentiles

The table below is a short synopsis of the much larger table that is used by the calculator. The data file has over 1,000 fields of data, and also includes data for the top 99.95%, and 99.97% of Canada’s wealthiest.

Data sources:  sources including Statistics Canada, Wikipedia,, WealthX, and TD Bank,