Here's the Net Worth That Puts You in the Top 10% of American Households by Age

If you want to be among the top 10% of American households, you'll need a seven-figure net worth.

Net worth is one of the most important financial numbers to know.

You should monitor your net worth because it changes over time, and it gives you a good idea of how close you are to being financially independent and shows whether you are making progress on your financial goals.

It can also be fun to see how your net worth stacks up to your peers. In particular, you may be curious about what net worth you would need to be among the top 10% of American households. The number is, unsurprisingly, pretty big.

Here's the amount you would need, along with some details on calculating your net worth -- and increasing it.

How do you calculate your net worth?

Before diving into the net worth you