Wealth is subjective.

You can be wealthy depending on how you view your needs regardless of your age and income, but realistically you can quantify them.

Based on the book "The Millionaire Next Door", author Thomas Stanley and William Danko talks about the concept of prodigious accumulator of wealth. This is the highest level of wealth you can achieve in your life and beyond that you are considered the super glamorous rich.

Based on the formula, if you are near this target, you are considered an average accumulator of wealth.

If you have less than half of the target, then you are considered an under-performer accumulator of wealth.

But if you have twice the target, then you are considered the prodigious accumulator of wealth.

I quickly calculate my target and it came to about $207,350. Since I do not have double this amount, I am considered an average accumulator of ...