This does not seem to be true, at least by any numbers I could quickly find. Seems like median net worth for retired folks is under $250k, net worth for 90th pe

This does not seem to be true, at least by any numbers I could quickly find. Seems like median net worth for retired folks is under $250k, net worth for 90th percentile folks is 1.25mm. If you restrict to 65-69 age group, the median only shifts to about 270k, 90th percentile is a little under 2mm. To get to 1mm net worth at that age group, you have to go up to about the 80 percentile. It seems you are correct that the 90 percentile shifts a fair bit at retirement age (65-69 is peak net worth) but it doesn't effect the middle very much, and you have to be > 20% to catch that 1.25mm number at any age group.