Net Worth Calculator
Calculate your total net worth by summing your assets and subtracting your liabilities.
โน๏ธAbout This Calculator
Someone earning $200,000/year with $15,000 in savings and $180,000 in debt has a net worth of negative $165,000. Someone earning $60,000/year with $250,000 in retirement accounts and a paid-off car has a net worth of $275,000. Income is what flows in. Net worth is what you've actually kept. This calculator adds up everything you own โ cash, investments, retirement accounts, property, vehicles โ and subtracts everything you owe โ mortgage, loans, credit cards. The number you get is your real financial position. Most people have never calculated it, and most are surprised by the result. Tracking it every quarter is one of the most motivating things you can do for your finances.
Frequently Asked Questions
What is net worth and how is it calculated?
Everything you own minus everything you owe. Assets: cash, savings, checking, investments, retirement accounts (401k, IRA), real estate at current market value, car value, business equity, anything else valuable. Liabilities: mortgage balance, car loans, student loans, personal loans, medical debt, credit card balances. Subtract liabilities from assets. That's your net worth. Positive means you own more than you owe.
What is the average net worth by age in the US?
Median net worth (Federal Reserve, 2022): Under 35: $39,000. Ages 35-44: $135,600. Ages 45-54: $247,200. Ages 55-64: $364,500. Ages 65-74: $409,900. Use median, not average โ billionaires skew the average to meaningless numbers. A quick personal benchmark from "The Millionaire Next Door": Age ร Annual Income รท 10. So at 40 earning $80,000, your target is $320,000. Above that and you're doing well.
Should I include my home in my net worth?
Yes โ use your equity, not the home's total value. Home worth $450,000 with $280,000 left on the mortgage? That's $170,000 in equity. Include it. But know that home equity is illiquid โ you can't spend it without selling or taking a loan against it. Some people track both numbers: net worth with home (total picture) and without (what you could actually access). Both are useful.
Should I include my car in net worth?
Yes, at what it's worth today โ not what you paid. That $35,000 car from 3 years ago is probably worth $20,000 now. Use Kelley Blue Book or similar. If you still owe $12,000 on it, your net vehicle equity is $8,000. Cars depreciate 15-20% per year, so they're a shrinking part of your net worth unless you're driving something collectible.
What is considered a good net worth?
Forget absolute numbers โ the question that matters is: is it growing? If your net worth is increasing by $10,000-30,000/year through saving and investment returns, you're on a solid path regardless of where you are today. Some widely-used benchmarks: 1x your annual salary saved by 30, 3x by 40, 6x by 50, 10-12x by retirement. But don't let benchmarks discourage you โ trajectory matters more than position.
How do I quickly increase my net worth?
Paying off $1,000 of credit card debt increases your net worth by $1,000 instantly โ and stops you from losing 24% of that to interest annually. Beyond debt payoff: get your full employer 401k match (free 50-100% return), invest in index funds (7-10% historical return), and resist the urge to upgrade your lifestyle every time your income goes up. The people who build wealth fastest aren't always the highest earners โ they're the ones who keep the most.
Is negative net worth normal?
Extremely common for anyone under 35 with student loans or a new mortgage. You borrowed $80,000 for a degree that will earn you $2 million more over your career โ that's negative net worth with a positive outlook. What matters is the trend. If you're negative but improving by a few thousand per year, you're on track. If you're negative and the number is getting worse, something needs to change. Track it quarterly and watch the line โ that's more motivating than any budgeting app.