How Wealthy are You? - Thomas J. Stanley's Wealth Equation Calculator

I read the very enlightening book The Millionaire Next Door by Thomas J. Stanley and William D. Danko years ago, and they had a very interesting little calculation to see how you stand in terms of real wealth relative to your age and income. Stanley later expanded on this by calling it your "Wealth Equation" and defining an index called the "Wealth Index" (WX) which is simply your net worth divided by the expected wealth for your age and income. In his more recent book, Stop Acting Rich, Stanley analyzes this ratio for many people to see if they are balance sheet affluent (BA) or income statement affluent (IA). I have now expanded this calculation to calculate the index and show which way you fall.

To see how you stand enter the variables below:
Your Age (or age of primary household breadwinner)
Your total annual household income
Your total net worth

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