Net Worth
$385KTop 42%PeakWorth
$4.2M+$182KNet Worth
$385KTop 42%PeakWorth
$4.2M+$182KFI Age
50y 1m-11moSelf-employment tax, expenses, and the real hours behind the revenue. See your true per-hour profit.
Self-employment tax
15.3%
Common SE deduction
Half of SE tax
QBI deduction (eligible)
Up to 20%
Quarterly estimated taxes
Required if owe ≥ $1K
The IRS hits side hustles with 15.3% self-employment tax (Social Security + Medicare, both employee AND employer halves) on top of regular income tax. A $20,000/yr side hustle can net out closer to $13,000 once SE tax, federal tax, state tax, and business expenses are accounted for.
A side hustle earning $1,000/mo for 60 hours of monthly work pays under $17/hr — often less than minimum wage after expenses. This calculator forces the honest math: what are you actually being paid per hour of your weekend?
A calculator alone tells you the payment. PeakWorth tells you what that payment costs your retirement — and how every change ripples through the next 30 years of your finances.
It's the full 15.3% Social Security + Medicare tax — when you're employed, your employer pays half. As a self-employed person, you pay both halves.
Deduct legitimate business expenses, contribute to a Solo 401(k) or SEP-IRA, claim the QBI deduction if eligible, and track mileage carefully.
Learn guides, true-cost calculators, and audience playbooks across the PeakWorth network.
Benchmarks
Net worth at 30 — are you on track?
2026 benchmarks + projection for your 30s.
Benchmarks
Net worth by age in California
2026 benchmarks adjusted for high cost of living.
Compare
PeakWorth vs Fidelity Go
Cheap robo at small balances vs the planning layer above.
Compare
PeakWorth vs J.P. Morgan Automated Investing
Chase-app robo at 0.35% vs the household plan above.
Benchmarks
Net worth by age
Where you stand at every age, by percentile.
Benchmarks
Income by age
Median individual & household income at every age.
PeakWorth includes every loan calculator above — connected to your real income, expenses, and goals. Every number you change updates your live FI Age and lifetime projection.
