There is no universal number that means an engine is worn out - a turbo four at 8,000 oil miles and a V8 at 3,000 produce different iron readings and both can be healthy. Compare against the lab's universal averages for your engine, normalise for oil miles, and read the trend across samples rather than any single figure. Bearing wear shows as copper, lead and tin rising together; dirt ingestion shows as silicon with aluminium; coolant shows as sodium with potassium.