Is a net worth of 120k too little for a 28-year-old guy?

Ever since I started working 3 years ago, I have been trying hard to save and grow my money.

I come from a below-average income family and my parents are not highly educated, so i did not have much financial knowledge until I started reading more in uni.

I recently calculated that my net worth is about 120k after subtracting my student loans from my assets. About 80% of my money is invested, though quite widely spread in unit trusts, local and US stocks, sg saving bonds, company and govt bonds, reits etc.

I have been fortunate not to lose money overall but I thought I could have done better as I only gained 10% overall over 3 years of investing, not counting dividends and despite me spending lots of time reading and monitoring the markets.

I am not a high earner in a top industry nor have the ability to climb the corporate ladder fast to earn more. I do want to settle down, buy a house and have kids in future. But with a decent BTO alone easily costing 4-7x of what I have, I can’t help feeling worried.

With the ever-rising property prices and cost of living, I don’t really know what more I can do financially.

Here are what netizens think:

If you alone, not enough. If your partner earns and saves about the same, much better. It’s good that you are making plans for the future but don’t forget it’s possible to have less and still be happy as long as you don’t compare with others.

I have a net worth of 1.9m at 36. It’s not much in todays high inflationary environment.

If its pure cash then excellent. Continue to keep it growing. If it includes investments and assets, still very good, monitor them & keep it growing.

Not sure if flexing or serious. You’ve done very well to get 120k at 28. Being up 10% while most portfolios are down is good. Without knowing your risk tolerance and plans, just keep doing what you’re doing. The path to financial freedom is slow consistent steps. If you take shortcuts it’s like snakes and ladders, easy to slide back to square one.