How does my net worth compare with Canadians my age?
Your age, your household type and one number. The answer comes straight from Statistics Canada's 2023 Survey of Financial Security, split the way the survey splits it: couples and families versus people on their own, and by province.
Your net worth next to the median and the average, couples and families aged 55–64
Median $1,256,400; average $1,762,000; you $500,000.
| Benchmark | Net worth |
|---|---|
| Median, your band and household type | $1,256,400 |
| Average, your band and household type | $1,762,000 |
| Median, all households your age | $873,400 |
| Province median (all ages) | |
| Home and pension benchmark | |
| You | $500,000 |
Statistics Canada, Survey of Financial Security 2023 (table 11-10-0016-01 and The Daily, October 29, 2024), current dollars. Net worth in the survey includes home equity and employer pensions and excludes CPP, QPP and OAS. Percentile bands (10th to 95th) are being computed from the survey's public-use microdata and will appear here; until then the comparison is to the published median and average only. Educational, not advice.
How to read the result
Use the median. Half of households in your band hold more and half hold less, so it describes a typical household. The average runs roughly double the median at every age because wealth is concentrated, and StatCan notes its survey still under-counts the very top.
The survey's net worth includes your home at market value and any employer pension (valued as if you left the plan today) and excludes CPP, QPP and OAS. Compare like with like: if you only counted your investment accounts, run the net worth calculator first and bring the full figure here.
A benchmark is a yardstick, not a target. The number that funds a retirement is the one your own plan needs; the retirement readiness score and the coast FIRE calculator work that out from your spending, not from the neighbours. The full tables, the home-and-pension splits and the province list are on net worth by age in Canada.
Questions
Where do the benchmarks come from?
Statistics Canada's Survey of Financial Security, reference year 2023, released October 29, 2024 (table 11-10-0016-01 and The Daily). It is the only official measure of Canadian household wealth. The next survey, for 2025, is due by January 2027; the benchmarks update the day it lands.
Why does it ask whether I am on my own or part of a couple?
Because household type moves the numbers more than age does. At 55 to 64 the median couple or family holds $1,256,400 while the median person living alone holds $395,000. Comparing a single person with the all-households figure would flatter or punish them for no reason.
What is the average net worth of a 50-year-old in Canada?
For all households whose main earner is 45 to 54, the 2023 median is $675,800 and the average is $1,150,800. Use the median to compare yourself; the average is pulled up by a small number of very wealthy families.
Can it tell me my percentile?
Not yet. The published tables give medians and averages, not full distributions. We are computing percentile bands (10th to 95th) by age and household type from the survey's public-use microdata, labelled as our own calculation, and they will appear here. Nothing on this page is interpolated or estimated.
Does it send my numbers anywhere?
No. The comparison runs in your browser. The only thing recorded is an anonymous count that the calculator was used and which age band and household type it compared, never a dollar amount.
Educational reference, not financial advice. Figures: Statistics Canada, Survey of Financial Security 2023, table 11-10-0016-01 and The Daily (October 29, 2024). Quebec residents: QPP replaces CPP, but neither is counted in the survey's net worth.
Liked the calculator? Get the free 7-day course
A free 7-email course for Canadians 50+: CPP timing, OAS clawback, RRSP to RRIF, TFSA, withdrawal order, and couples tax splitting. One short email a day. Unsubscribe anytime.