Skip to content

Thinking about your family's future? Attend one of our upcoming Trust Seminars and learn how thoughtful planning can make a lasting difference. Register here.
Investments are not FDIC insured, not deposits, and may lose value.

To honor those who served our country, all Crews Bank & Trust locations will be closed on Veterans Day, Wednesday, Nov. 11.

Get Started 863-222-7005

Chart of the Day: The Average Millionaire

John Keefer, Portfolio Manager Sep 22, 2026
Infographic showing characteristics of the average millionaire, including homeownership, self-made wealth, age milestones, and time required to reach $1 million.

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.
Chart of the Day

About the Author

John Keefer, Portfolio Manager
John Keefer, Portfolio Manager

John joined Crews Bank & Trust as a Trust Investment Associate in September 2025 and was promoted to Portfolio Manager in 2026. 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.

Previous
Chart of the Day: Women and Investing
Next
Chart of the Day: Is a Million Dollars Enough?

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.