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Chart of the Day: The Average Millionaire

John Keefer, Trust Investment Associate Sep 22, 2026

Contents

Today’s Chart of the Day pulls data from several sources to show what it really takes to become the average millionaire.

It’s easy to think most millionaires were born with a big advantage, and some certainly were. But the reality is that 80% of millionaires are self-made.

The biggest takeaway is that building wealth takes time. The average person doesn’t hit the million-dollar mark until around age 50, and it takes about 28 years to earn that first million. In other words, becoming a millionaire is usually less about getting lucky and more about staying consistent over the long haul.

About the Author

John Keefer, Trust Investment Associate
John Keefer, Trust Investment Associate

John joined Crews Bank & Trust as a Trust Investment Associate in September 2025. He holds a Bachelor of Science in Business Administration with a focus in Finance and Banking from the University of Missouri, along with an Investment Certificate. In his role, he supports portfolio maintenance and analysis while helping clients work toward their financial goals.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal. Past performance is not indicative of future results.

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