Retirement Retirement Planning

16 Signs You’re Doing Well Financially When You’re Over 70

Find out if you're on the right financial track for a prosperous retirement past 70.

By Chris Lewis, CEPF , Edited by Laura Hohenstein

Updated Oct. 8, 2026

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By the time you reach 70, you've accrued plenty of experience and wisdom that have shaped your financial future.

However, an abundant retirement account could only be a fragment of your economic agility, especially if you plan to withstand economic downturns.

If you're wondering if you're managing your finances well at 70, here are some clues you might be.

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More than $130K to $200K in retirement savings

According to the Federal Reserve's Survey of Consumer Finances, Americans ages 65 to 74 have a median $200,000 in their retirement savings.

For retirees 75 years and older, the median amount is $130,000.

If your retirement savings exceed this, you're doing better than most. That said, given your age, expenses, Social Security, pension, and other factors, this may or may not be enough to retire in comfort.

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Paid-off home

As a retiree, you've earned the right to relax and not worry about mortgage payments. However, many of today's homeowners still dream about finishing their mortgage payments for good.

Of homeowners age 65 to 74 years old, 29% still have mortgages, according to 2024 data from the Federal Reserve Bank of St. Louis. Having a paid-off home is a huge milestone in financial wellness.

Charitable giving

If you have enough and some funds to spare, you're doing better than most. Giving to charity shows that you're concerned about your fellow humans and doing good in the world.

It also indicates that you've managed your money well enough to have some left over to help others.

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Travel

Seeing the world is a retirement goal for many. If you have the time, funds, and energy to do so, you're one of the fortunate few.

If you're especially financially savvy, you use top travel credit cards to earn travel rewards for your globetrotting expenses.

You may even get your trips for free if you book with credit card miles. There's no sense in using your 401(k) funds for travel if you don't have to.

You're happy with your retirement lifestyle

If you're leading a happy life filled with satisfying activities, healthy relationships, and an adequate plan to care for your financial needs, then it doesn't matter how big your portfolio is.

If you have enough money for a stress-free retirement plus a little extra for fun things for yourself, anyone can consider you rich.

You've met with a financial advisor

While it's not necessary to use an advisor to manage your financial life, consulting with a professional is a sign that you care about optimizing your investments and spending during your retirement years.

Whether you have an advisor manage your financial affairs on your behalf or do a check-up once a year, you recognize the role professionals can play in managing your taxes, income, and investments.

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You're planning to leave a legacy

Making plans for your assets after you pass away shows that you care about your family and are responsible with your money.

You're a financial success if you can take care of your final expenses and leave an inheritance to help your family after you're gone.

You can still handle emergencies

Home repairs and medical bills don't faze you because you still have a nice emergency fund to cover such occasions.

You keep the emergency fund in cash or easily liquidated assets so you have quick access to your funds and aren't forced to sell equities if the market is down.

You've planned for additional age-related expenses

Many are tempted to bury their heads in the sand when it comes to uncomfortable topics like aging and money.

If you've planned for the increased expenses that come with time, such as additional health care, help with daily tasks, or assisted living, then you've been smart with your money.

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You've adjusted your investment portfolio

If you make changes to your investments periodically to account for your spending needs, market conditions, and changing time horizons, then you're taking good care of your portfolio.

You aren't tempted to switch things up daily or weekly, but you check on your accounts a few times a year to ensure everything is in good shape.

Fear doesn't drive your decisions

When you adjust your spending or investments, it's not because you think the sky is falling. Likewise, you don't succumb to the fear of missing out regarding the latest financial trends or news.

If you have the confidence to plan your finances based on facts, not emotions, then you're a financial success regardless of your age.

Hobbies

This is one of the many reasons people look forward to retirement. By planning to spend time and money on your personal interests and hobbies, you'll add spice to life and more enjoyment to your golden years.

If you've planned your finances to account for the cost of your hobbies, you'll enjoy them even more.

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You have little to no debt

Your ability to crush your debt generally diminishes as you withdraw money from your retirement savings.

Being debt-free is an accomplishment at any age, but it's vital when you're over 70. Freeing yourself from debt puts you on a path to financial security for the future.

You pay your bills on time

Just because you're retired doesn't mean you don't take care of business. You still ensure all your bills are paid, and your needs are handled.

You've learned the value of putting things on autopay or setting up a calendar or other system to ensure that no crucial payments, such as estimated taxes, are forgotten.

Your portfolio is diversified

Now that you're retired, you've changed your asset allocation to perform for wealth preservation rather than growth. But you still haven't forgotten the critical rule of diversification.

Your wealth is spread over several appropriate, conservative asset classes, so your portfolio is protected against market downturns.

You're still mindful of your spending

Now that you're retired, you haven't abandoned the good money habits that got you where you are. You avoid wasting money on things you don't need.

If you're still checking your spending and using a budget, then you're probably doing well financially now and will likely continue to do so in the future.

Bottom line

Doing well financially isn't just about numbers. It's about security, quality of life, and planning for your future and that of your family.

If you don't feel like you're succeeding with your money, don't worry. There's time for financial improvement at any stage of life. And there are a few steps you can take to eliminate some money stress and secure your future.

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