[CanadianCapitalist]

According to the Wealth Comparison Calculator, my household, at age 29, should be worth almost $800,000. And here I thought I was doing OK...

What a terrible calculator.

I think the calculator is buggy. For our household, we'd be doing okay if our net worth was $1.14 million. And I was thinking we are not doing too bad either...

 

[CanadianCapitalist]

It seems to me that the calculator seems to produce reasonable results until you get to the last question on renting, owning a home without a mortgage and owning a home with a mortgage.

For a male, 35 to 44 years of age, university degree, couple under 65 with kids at home, household income of $50K to $75K and two earners, the median networth is shown as $522K.

Own with mortgage = $591 million
Own without mortgage = $1.109 million
Renting = $384K

The final choice seems to throw off results quite a bit.