That’s true. Every 2nd pillar product is at risk of changing jobs and getting crap (or nothing) afterwards. So not being able to estimate properly into the future decades is probably one of the killer criteria.
I’m content with my 2nd pillar buy-ins as they leave a safe and soft cushion, but they were not the best investments I’ve ever made.
Congrats, everyone for their 2020 progression 
I know sometime seeing big numbers of others is depressing (and staying on FIRE websites skew the vision)
I hope the following data give you a better picture.
Here are the net worth brackets by age in 2020 including the value of a primary residence.
| Age | Average Net Worth | Median Net Worth | 25% | 75% | 90% | 99% |
|---|---|---|---|---|---|---|
| 18 -24 | $28,707.13 | $8,216.04 | -$1,414.96 | $24,791.21 | $93,731.51 | $435,076.59 |
| 25-29 | $49,387.83 | $7,511.60 | -$3,663.99 | $61,567.70 | $152,062.56 | $606,188.36 |
| 30-34 | $122,699.69 | $35,111.76 | $2,760.74 | $117,134.44 | $258,741.22 | $956,944.74 |
| 35-39 | $274,112.44 | $55,519.42 | $5,177.38 | $228,275.25 | $601,340.84 | $4,034,486.45 |
| 40-44 | $623,694.13 | $127,344.55 | $18,518.39 | $351,292.06 | $848,814.81 | $7,909,636.79 |
| 45-49 | $761,560.21 | $164,196.96 | $19,872.29 | $452,225.51 | $1,354,760.64 | $10,494,100.10 |
| 50-54 | $897,663.14 | $171,320.07 | $38,973.16 | $493,927.82 | $1,440,829.11 | $13,524,093.87 |
| 55-59 | $1,165,476.62 | $193,548.76 | $38,885.01 | $644,805.51 | $2,506,118.12 | $17,545,848.60 |
| 60-64 | $1,187,729.54 | $228,832.56 | $48,565.13 | $735,348.48 | $1,995,238.42 | $14,629,637.13 |
| 65-69 | $1,250,678.99 | $271,805.38 | $44,125.42 | $808,183.36 | $1,939,466.73 | $16,439,046.11 |
| 70-74 | $1,173,653.23 | $258,531.36 | $70,080.92 | $816,273.52 | $1,966,165.82 | $12,625,305.04 |
| 75-79 | $945,479.81 | $272,976.15 | $83,499.58 | $611,857.43 | $1,541,480.48 | $12,770,142.25 |
| 80+ | $973,141.05 | $235,192.87 | $107,663.64 | $589,233.33 | $1,655,537.08 | $9,932,353.20 |
Source: https://dqydj.com/average-median-top-net-worth-percentiles-by-age/
Wealth of natural persons in 2017 in Switzerland
| Net worth classes in CHF 1’000 | Taxpayers | Net worth | ||
|---|---|---|---|---|
| Absolute numbers | % | In CHF million | % | |
| Total | 5 351 991 | 100 | 1 993 903.1 | 100 |
| 0 | 1 256 448 | 23.48 | 0.0 | 0 |
| > 0–50 | 1 662 235 | 31.06 | 27 759.6 | 1.39 |
| > 50–100 | 510 188 | 9.53 | 37 110.4 | 1.86 |
| > 100–200 | 536 043 | 10.02 | 77 562.6 | 3.89 |
| > 200–500 | 683 480 | 12.77 | 221 300.6 | 11.10 |
| > 500–1’000 | 373 381 | 6.98 | 261 808.2 | 13.13 |
| > 1’000–2’000 | 192 799 | 3.60 | 265 468.9 | 13.31 |
| > 2’000–3’000 | 55 685 | 1.04 | 134 949.3 | 6.77 |
| > 3’000–5’000 | 39 762 | 0.74 | 151 384.8 | 7.59 |
| > 5’000–10’000 | 24 890 | 0.47 | 170 924.0 | 8.57 |
| > 10’000 | 17 078 | 0.32 | 645 634.6 | 32.38 |
I am not sure to get the second part of the wealth table. Does it mean that 0.32% richest people own 32.38% of the Swiss net worth ? While over 50% (the two first lines of the table) have less than 1.39% of the Swiss net worth ?
That is exactly what that table says, yes. Switzerland does not have a great Gini coefficient.
I don’t understand the 25% …75% part of the first table… what the 25% means? 25% of the 18-24 olds own -1k dollars? It seems upside down to me. shouldn’t it be 75% 25% 10% 1% ?
It means x% owns y or less.
what a convoluted way to say it…
99% of people own less than 10 million. Is it not easier to say 1% own 10 millions or more?
Well it is as per definition of percentile. 
There could be different (potentially clearer) ways to communicate the same information, sure.
Worth to point out it comes from tax returns so excludes 2 and 3 pillar
“Net worth indicated in tax returns as of 31 December 2017 (assets minus liabilities, before deduction of social contributions)“
The tax value of my house is 17% of its value…
Also pillar 1 can be worth a significant sum. I’m cashing out over 80k from it for 10 years worked.
I would be interested in reading how you cash out the 1st pillar, thanks
If you’re eligible* for it, you deregister from your municipality, fill out a from here and mail it in
* - depends on your passport, most third world passports are ok, most EU are not
Thanks. It needs actually the citizenship, not the residence as I was hoping. Also I would hope to get the Swiss passport at some point and I guess that’s going to be a real killer to the option of cashing out 1st pillar. Well, hopefully I live long enough to get the small pension out of it.
Both residency (deregistering from switzerland) and an eligible foreign citizenship needed.
But even if you cannot cash out, it is still an asset, promising to pay you cash flows in some distant future - you can (or ask AHV office to) compute their NPV and attribute that to your net worth. The cash out amount is actually limited to NPV value, with various non trivial factors like life expectancy baked in
This book covers all these topics in a good way. I really liked it.
It is outrageously expensive but, to my knowledge, it is the only book written specifically for Switzerland.
And it is in german; I believe I’ve seen you post in the italian-speaking corner.
I really liked it
What did you like about it? Any new things that were not discussed on this forum yet?
It’s a well-written, condensed and concise wrap-up of most if not all the information that one could find and collect on this forum.
i would love nothing more than seeing more actual net worth progression being posted in this thread.
