Appropriate net worth at a certain age?
 

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".