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We've created a free financial tool that calculates your net worth percentile based on your assets and liabilities and then tells you what percentile rank you fall in compared with people in a similar age group. Simply tell us a bit about yourself and we'll give you a bench mark to compare yourself against. |
In personal finance, net worth (or wealth) refers to an individual's net economic position; similarly, it uses the value of all assets (long term assets) minus the value of all liabilities.
Your net worth percentile can be a useful tool to measure your financial progress from year to year. Your net worth is essentially a grand total of all your assets minus your liabilities. There is no magic net worth number, but you should use your net worth to track your progress from year to year, and hopefully see it improve.
Calculating your net worth can be easy. It only requires some basic financial information regarding the things you own and the debt that you owe.
Enter your information below and click submit to see where your age adjusted net worth ranks compared to the competition. Your net worth percentile is based on the percentage of people in your age group that have a lower net worth than you do. So for example if you rank in the 20th percentile (20%), 80% of people your age have a higher net worth than you do. Take a look below and see how you compare.
A person's net worth is not something that should define them, but as you get older it becomes more and more important to use it as a gauge for appropriate investment strategies for your retirement. If you'd like to learn more about your financial future register for free and create a free retirement plan.
With our free online financial advisor we show you your net worth affects your investment strategy - whether you are just starting out in your career or well retired and considering estate planning, knowledge is power and our tools provide all the knowledge you need to take financial planning into your own hands.
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