![]() ![]() For trust funds, that median wealth transfer was way, way higher - $285,000.The Survey of Consumer Finances (SCF), reports that the median inheritance was $69,000 (the average was $707,291). $92,700 for those with a college education.$76,200 for people without a college degree.Those with a college education leave behind more than those without. The Federal Reserve reports data on average inheritance based on whether or not the household has a college degree. NOTE: It is important to note that while the NewRetirement Planner is designed to be easy to use by all types of people, users of the tool tend to be wealthier than average – skewing the average inheritance numbers high. ![]() However, many people have $0 as their goal for a financial legacy.For users who have opted to set a goal above $0 in this detailed tool, the range is wide. In the NewRetirement retirement planner, you can set a goal for leaving behind an inheritance. Average Inheritance from People Who Use the NewRetirement Planner And, perhaps more importantly, average inheritance is impacted by factors like race, education level and certainly income. See how you much you’ll be able to leave to heirs with the NewRetirement Plannerĭifferent studies suggest different levels of average inheritance.Be realistic and don’t forget about your own needs.Sharing while you are still alive can be impactful and more efficient.Do you expect to be above or below average? This article explores average inheritance numbers. But first, we need to fund our own lives in retirement, and that can sometimes seem nearly impossible. Many of us would like to leave behind something to our heirs.
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