Salary.sg Forums - View Single Post - Appropriate net worth at a certain age?
Thread: Appropriate net worth at a certain age?
View Single Post
  #2 (permalink)  
Old 03-01-2014, 09:21 PM
Unregistered
Guest
  
Posts: n/a
Default
Quote:
Originally Posted by Fugutaiten View Post
Hi, I just wanna know whether I am on the right track. What is the appropriate net worth of a 20 year old guy should have? And a 25 year old guy(still studying) and a 30 year old guy?

I've seen many people with quite a big sum of money even when they are age 27 so I am wondering whether is my savings are on the right track.

Thanks!
The best way is to compare with your peers.

Though I've seen a formula:

Ideal net worth = M x age/10 x annual income

where the multiplier M can be 5, 10, 20 depending on whether one is an average, good or super "accumulator".

Reply With Quote