Life Stats
Net Worth Progress Tracker
Track net worth vs. age benchmarks and project when you'll reach financial milestones.
Net worth tracking is the foundation of personal finance health. This calculator compares your current net worth to age-based benchmarks and projects your trajectory. The classic benchmark: net worth should equal your salary by 30, 3× by 40, 6× by 50.
Behind Benchmark
$75,000
- benchmark
- $160,000 age benchmark
- projected At40
- $323,385 at 40
- projected At50
- $909,522 at 50
Formula and method
Projected NW = Current × (1+r)^n + Monthly × ((1+r)^n - 1) / r
Net worth benchmark: income × max(1, (age-27) × 0.4) — approximately 1× income at 30, 3× at 40, 6× at 50 (from Millionaire Next Door research). Projection uses standard compound interest formula for growing annuity.
Worked examples
On-track 32-year-old
- Current Net Worth ($):
- 75000
- Current Age:
- 32
- Annual Gross Income ($):
- 75000
- Monthly Net Savings ($):
- 1500
- Expected Annual Return (%):
- 7
Behind Benchmark: $75,000
Behind benchmark due to student debt
- Current Net Worth ($):
- -20000
- Current Age:
- 28
- Annual Gross Income ($):
- 65000
- Monthly Net Savings ($):
- 1000
- Expected Annual Return (%):
- 7
Behind Benchmark: $-20,000
Assumptions and limits
- Monthly contributions are consistent
- Does not include pension or CPP future value
- Tax-exempt growth assumed (for simplicity)
This tool provides an educational estimate. Rules, rates and personal circumstances can change the answer. Review the assumptions before relying on a result. Report a correction.
Common mistakes to avoid
- Including the value of household items and cars in net worth — these depreciate rapidly. Focus on financial assets and real estate equity.
- Not subtracting all debts — HELOC, car loans, student loans, and credit card balances must all be subtracted.
- Comparing to peers instead of your own benchmark — your income, cost of living, and life stage determine your personal target.
Frequently asked questions
What is a good net worth at 30?
The most cited benchmark (from The Millionaire Next Door) suggests 1× your annual income. So at a $70K income, a $70K net worth by 30 is on track. Note this benchmark struggles for people in HCOL cities with student debt.
Should I include my home in net worth?
Yes, include home equity (current value minus mortgage balance). However, consider it illiquid. Many financial planners track "investable assets" (excluding home) separately as this is what funds retirement.
What is the 4% rule for retirement?
The Trinity Study found that withdrawing 4% of your portfolio in year 1 (adjusting for inflation each year) provides a 95% chance of lasting 30 years. To retire on $60,000/year, you need $1.5M in investable assets ($60,000 / 0.04).