Are You In The One Percent? Here’s A Wealth Rank Calculator

Forbes ^ | 10/07/2019 | William Baldwin

[Political Junkie Too]

Here is a table from the following web article Nine Charts about Wealth Inequality in America (Updated). Data is from 2016 (reported in October 2017).

I'm breaking out the top 10% in 1% increments for more clarity.

Net Worth Percentile	Net Worth
10.0%	-$950
20.0%	$4,800
30.0%	$18,900
40.0%	$49,100
50.0%	$97,300
60.0%	$170,000
70.0%	$279,000
80.0%	$499,350
90.0%	$1,186,570
91.0%	$1,317,500
92.0%	$1,445,700
93.0%	$1,686,700
94.0%	$2,044,300
95.0%	$2,387,250
96.0%	$2,838,000
97.0%	$3,693,600
98.0%	$5,794,500
99.0%	$10,400,000

-PJ

[coaster123]

That’s not an answer.

You said something and I was interested enough to ask a question. Aren’t you glad someone is following up on your notion?

[setter]

A million dollars to retire on today is not that much. Better hope you have a good pension plan and SS to offset.

If you retire at 65 it may not get you to age 90 especially if there is another 2008 style downturn or two.

Our fixed yearly cost right off the bat is almost $50k a year-high property tax, almost $20k for health insurance, utilities, food, maintenance, house and car insurances etc and we have zero debt. The 20k health insurance cost will drop when we go on Medicare.

[Reeses]

It's not wealth that makes people happy, but relative wealth to their neighbors. What that characteristic of happiness really proves is that happiness is a choice.

Forbes readers are always comparing themselves to others. They are probably advertiser gold, easily triggered to buy something ridiculous they don't need.

[hal ogen]

If my investments go south before I die, I’ll move into a sleazy, cheesy trailer park and live like a king.

[Political Junkie Too]

Yes.

There was a study (The Trinity Study) that suggest that one needs about 25x annual expenses to retire on.

Annual "safe withdrawals" is 4% of that amount in the first year, and then that initial amount is increased yearly by inflation for 30 years.

$1 million in savings would generate an annual income of $40,000. Assuming 2% inflation, year 2 would be $40,800, year 3 would be $41,616, year 4 would be $42,448...

-PJ

[Political Junkie Too]

Keep an eye out for that guy waving the $100 bill around...

-PJ

[GnuThere]

Be sure to include your iPhone 11, too.
That could put some people over the top.

[RooRoobird20]

We’re in the top five percent, and that is liquid net worth, does not count the value of our paid-off house.

Your property taxes are $50k per year? Unbelievable, where do you live? I live in AZ, our property taxes are currently $2900 per year.

[Political Junkie Too]

I live near The Woodlands, TX, and my property tax is close to $10,000/yr. However, I don't pay a state income tax.

-PJ

[setter]

“Your property taxes are $50k per year? “

No, our annual fixed cost are at present $50k per year. Property tax, health/car/house insurance etc. and we have zero debt.

[SunkenCiv]

It was an answer, a drolly humorous one, which suited the question.

[InterceptPoint]

At least your imaginary wealth is positive ...
+++++
LOL. How true. But on the other hand I would have used i not j. Just the way I was brought up when I studied complex numbers in grammar school.😎😎😎

[CaptainK]

Thanks for that.

[coaster123]

Oh, lol, I get it!

What’s the real answer?

[SunkenCiv]

That’s the real one, the only one you get or deserve. If you’ve got someone here on FR you want to “out” as one of the US’ own 1 percenters, do it, otherwise sod off.

[litehaus]

“Entering your net worth into a Google Sheet document is not something I would recommend.”

Not a problem - just password protect it with your credit card number and PIN...

THATS FUNNY !!! LOL....

[NorthMountain]

SQRT(-1) is “j” in electrical engineering because “i” means something else entirely. It means the same thing in physics, but physicists manage to handle the ambiguity.

[who_would_fardels_bear]

The ‘j’ is a dead giveaway.

[bgill]

If I entered my SS# and drivers’ license number, would google calculate it for me?