# Net Worth Calculator By Age

here’s an example of an article that explains how a net worth calculator by age works and how it can be used to plan for the future:

## Estimating Net Worth by Age

A net worth calculator by age takes into account an individual’s current age and estimated annual growth rate to estimate their net worth at retirement age. The retirement age is generally considered to be age 65.

For example, if an individual is currently 35 years old, with a net worth of \$200,000, and an estimated annual growth rate of 5%, their estimated net worth at age 65 would be \$1,112,856.

### Introduction

A net worth calculator is a powerful tool that can help individuals understand their overall financial position and plan for their future. It calculates the difference between assets and liabilities, which represents an individual’s net worth. However, a net worth calculator by age takes it a step further by estimating an individual’s net worth at retirement age. This allows individuals to see how their current net worth will grow over time and plan accordingly.

### Understanding Assets and Liabilities

Assets are all the items that an individual owns that have monetary value. This includes cash, bank accounts, stocks, bonds, real estate, and other investments. Liabilities, on the other hand, are all the debts and financial obligations that an individual owes. This includes mortgages, loans, credit card balances, and other bills.

### Calculating Net Worth

Net worth is calculated by subtracting liabilities from assets. This represents an individual’s financial position and can be used to understand their overall financial health. For example, if an individual has assets worth \$300,000 and liabilities worth \$100,000, their net worth is \$200,000.

#### Conclusion

A net worth calculator by age is a powerful tool that can help individuals understand their overall financial position and plan for their future. By estimating their net worth at retirement age, individuals can see how their current net worth will grow over time and plan accordingly.

``` Net Worth Calculator by Age /* Make the "Net Worth Calculator by Age" text in H2 */ h1 { font-size: 2em; text-align: center; } /* Make all other text bold */ p, label { font-weight: bold; } /* Make the form and inputs responsive */ form { display: flex; flex-wrap: wrap; align-items: center; margin-top: 20px; } label, input { width: 100%; margin-bottom: 10px; } /* Add some padding and background color to the inputs */ input { padding: 10px; background-color: #f9f9f9; } /* Center the button and add some hover effect */ button { margin: 20px auto; padding: 10px; background-color: #4CAF50; color: white; cursor: pointer; } button:hover { background-color: #3e8e41; } /* Style the result text */ #result { margin-top: 20px; font-size: 18px; font-weight: bold; text-align: center; } /* Media Queries for different screen sizes */ @media (min-width: 768px) { label { width: 150px; } input { width: 150px; margin-right: 10px; } } ```

# `NET WORTH CALCULATOR BY AGE`

``` Shares: Equity Mutual Funds: Fixed Income Assets: Cash & Bank Accounts: Property: Gold & Jewellery: Other Assets: Home Loan: Personal & Other Loans: Income Tax Owed: Outstanding Bills/Payments: Credit Card Dues: Other Liabilities: Current Age: Retirement Age: Annual Growth Rate: function calculateNetWorth() { // Get the input values var shares = document.getElementById("shares").value; var equityMutualFunds = document.getElementById("equityMutualFunds").value; var fixedIncomeAssets = document.getElementById("fixedIncomeAssets").value; var cashBankAccounts = document.getElementById("cashBankAccounts").value; var property = document.getElementById("property").value; var goldJewellery = document.getElementById("goldJewellery").value var otherAssets = document.getElementById("otherAssets").value; var homeLoan = document.getElementById("homeLoan").value; var personalOtherLoans = document.getElementById("personalOtherLoans").value; var incomeTaxOwed = document.getElementById("incomeTaxOwed").value; var outstandingBillsPayments = document.getElementById("outstandingBillsPayments").value; var creditCardDues = document.getElementById("creditCardDues").value; var otherLiabilities = document.getElementById("otherLiabilities").value; var currentAge = document.getElementById("currentAge").value; var retirementAge = document.getElementById("retirementAge").value; var growthRate = document.getElementById("growthRate").value; // Calculate the net worth var assets = parseFloat(shares) + parseFloat(equityMutualFunds) + parseFloat(fixedIncomeAssets) + parseFloat(cashBankAccounts) + parseFloat(property) + parseFloat(goldJewellery) + parseFloat(otherAssets); var liabilities = parseFloat(homeLoan) + parseFloat(personalOtherLoans) + parseFloat(incomeTaxOwed) + parseFloat(outstandingBillsPayments) + parseFloat(creditCardDues) + parseFloat(otherLiabilities); var netWorth = assets - liabilities; // Calculate the net worth by age var ageDifference = parseFloat(retirementAge) - parseFloat(currentAge); var estimatedNetWorth = netWorth * Math.pow(1 + (growthRate / 100), ageDifference); // Display the result document.getElementById("result").innerHTML = "Your current net worth is \$" + netWorth.toFixed(2) + "<br> Your estimated net worth at retirement age is \$" + estimatedNetWorth.toFixed(2); } ```