May 26, 2026
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A $2 million nest egg probably doesn’t sound impressive anymore.
After all, the headlines are dominated with centi-billionaires and the rise of a potential trillionaire this year. By comparison, a million or two can look like a rounding error.
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But when you look at the broader picture of American retirement wealth, millionaires occupy a surprising spot. Here are the top five big wealth levels for American retirees in 2026.
Level 1. Nothing saved
This is a shockingly large cohort. Nearly 46% of U.S. households didn’t have any retirement savings account, according to a Congressional Research Service analysis of the Federal Reserve’s 2022 Survey of Consumer Finances.
To be fair, many of these households may have other ways to fund their retirement, including home equity, Social Security or corporate pensions. But for many, the lack of a 401(k) plan or IRA simply signals financial distress. And some of these households may be struggling to pay off debt before they can even think about saving for retirement.
If you’re part of this group, platforms like Credible can help you get rid of debt faster. The service helps you consolidate all your debts into one personal loan so it becomes easier to manage and, potentially, so it costs you less in total. Credible lets you comparison-shop for the lowest interest rates with just a few clicks.
In less than three minutes, you’ll see all the lenders willing to help pay off your credit cards or other debts with a single personal loan.
If you owe a substantial amount, you may also want to see if you qualify for a debt relief program to help clear a significant portion of your debt.
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Level 2. Typical saver
More than half of all U.S. households have at least some retirement savings, but not much.
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Nearly 30% of Americans had less than or equal to $100,000 in their retirement accounts, according to the CRS review of the Fed’s 2022 SCF. This is also reflected in Vanguard’s preview of its How America Saves 2026 report, which suggests the median retirement account balance was just $44,115 in 2025.
Simply put, if you have $50,000 or more saved in retirement accounts you’re outperforming half of the country — and by a decent margin.
Level 3. The six-figure club
This is where retirement savings start looking a little more serious. Nearly 15.5% of U.S. households had retirement assets between $100,001 and $500,000 while another 4.7% had assets between $500,001 and $1 million, according to the CRS report.
In other words, only one in five households were in this six-figure club.
A modest retirement on a tight budget is certainly realistic at this level. For instance, someone with just $600,000 in savings could withdraw $24,000 a year based on the standard 4% rule, with Social Security covering the rest of their annual budget.
A few creative money moves, such as downsizing or moving to a lower-cost state, could make this modest retirement much more comfortable and realistic. If you’re in this cohort, plan ahead and remember that there’s very little room for error.
Read More: Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it
Level 4. Millionaire
In today’s economy, being a millionaire is what most people would consider “retirement-ready.”
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The average American believes they need at least $1.46 million in savings to afford a comfortable retirement, according to Northwestern Mutual. Yet, only about 4.6% of U.S. households had retirement assets higher than $1 million, according to the CRS report. That means less than one in 20 Americans are ready for a comfortable retirement.
If you’re in this cohort and still a few years away from retirement, you have a shot at entering the exclusive multimillionaire club.
Level 5. Multimillionaire
This is the highest level, composed of “super-savers” or “super-investors.” If you have $2 million or more saved, you’re part of this exclusive cohort.
At this stage, you’re less worried about wealth building and budgeting and more worried about taxes and capital preservation. Your mission is to protect what you have as it continues to grow on auto-pilot.
This is where a professional financial advisor can be so valuable. For investors with portfolios of $250,000 or more, financial decisions often become increasingly complex.
Managing withdrawals, minimizing tax exposure and ensuring long-term sustainability often requires greater coordination and strategic planning.
In these cases, working with a financial advisor can help reduce costly mistakes.
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If you own a portfolio of $250,000 or more, platforms like WiserAdvisor can connect you with vetted professionals who specialize in this kind of planning.
Simply answer a few questions about your savings, retirement timeline and overall investment portfolio.
From there, WiserAdvisor reviews its network to match you — for free — with up to three vetted, reputable advisors aligned with your specific needs.
You can then schedule no-obligation consultations with your matches to determine who is the best fit for your long-term goals.
WiserAdvisor is a matching service and does not provide financial advice directly. All matched advisors are third parties and specific financial results are not guaranteed.
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Vishesh Raisinghani is a financial journalist covering personal finance, investing and the global economy. He's also the founder of Sharpe Ascension Inc., a content marketing agency focused on investment firms. His work has appeared in Moneywise, Yahoo Finance!, Motley Fool, Seeking Alpha, Mergers & Acquisitions Magazine and Piggybank.
