Comments on: What Should Your Net Worth Be – By Age

By: Jerry

Jerry — Fri, 02 Nov 2007 14:45:58 +0000

I agree with Grace – if you view it on the actual Net Worth side of things, it would lead me to think that I’m doing all right, but with retirement savings? Well, it’s definitely a wake up call. Also, as a side question, does anyone know whether insurance policies affect the calculation of real net worth?
Jerry

By: BuildAndSucceed

BuildAndSucceed — Tue, 30 Oct 2007 10:33:26 +0000

Thanks for the calculator link… I do the “by age” calculation all the time on excel… It can take forever that way. I dreamed of this calculator LOL

Great blog by the way

By: Grace

Grace — Thu, 04 Oct 2007 19:43:14 +0000

I’m guessing you don’t really meant Net Worth, which would include real estate, personal property, etc. It sounds more like you mean retirement savings. Dang! I was doing OK if you meant Net Worth. Otherwise, not so much!

By: Everybody Loves Your Money - Living for today - Planning for Tomorrow » Net Worth By Age - $2 Million Goal

Wed, 03 Oct 2007 21:33:52 +0000

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By: Mapgirl’s Fiscal Challenge / Articles I Liked Last Week

Mapgirl’s Fiscal Challenge / Articles I Liked Last Week — Wed, 03 Oct 2007 19:53:56 +0000

[...] at Everybody Loves Your Money has created a chart to tell you what you have should have saved by now. It’s got a number for every age between 21 and 65. Even though I’m in my early [...]

By: Sunday Money Roundup - County Fair Edition. | My Two Dollars

Sunday Money Roundup - County Fair Edition. | My Two Dollars — Sun, 30 Sep 2007 15:02:17 +0000

[...] Motivated Enough To Be Financially Free?” Why yes, I am! Everybody Loves Your Money tells you What Should Your Net Worth Be – By Age. Of course, it all depends on circumstance and if you are going to inherit millions when your [...]

By: Hazzard

Hazzard — Sat, 29 Sep 2007 20:48:45 +0000

Yes, one million today (or yesterday) isn’t one million tomorrow. I think this is one view. It’s definitely worth figuring out how much you REALLY need by the time you retire and then making plans to meet that goal.

By: broknowrchlatr

broknowrchlatr — Fri, 28 Sep 2007 14:10:52 +0000

Yep, definately dependent on your age. I am 27 and married with 2 kids. If I have $1mm when I am 65, it will be a significant failure.

$1mm give you $40k of yearly income. But with inflation, that is less than $20k in 2007 dollars. Thats not much of a retirement.

By: frugal zeitgeist

frugal zeitgeist — Fri, 28 Sep 2007 12:56:46 +0000

Thanks to the magic of inflation, I think the scale is heavily dependent on age. The scale above looks like it would work well for someone nearing retirement, but I’m 38. I don’t think $1,020,875 is anywhere close to what I’ll need to have a really good retirement (yep, very subjective, I know) by age 65. My magic number is about 3.5 to 4x that, not including real estate.

By: Around the PF Blogosphere: September 27, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Fri, 28 Sep 2007 03:22:10 +0000

[...] Loves Your Money shows your net worth and your age. Looks like I should be in my 50’s now from the [...]