Net Worth Calculator
Add your assets and liabilities to instantly calculate your personal net worth — the true measure of your financial health.
💚 Assets — What You Own
🔴 Liabilities — What You Owe
What Is Net Worth?
Net worth is the most important number in your personal financial life. It's calculated by summing all your assets (cash, investments, property, valuables) and subtracting all your liabilities (mortgages, loans, credit card balances). A positive net worth means you own more than you owe; a negative net worth means the opposite.
Average Net Worth by Age (US, 2024)
For context, the Federal Reserve's Survey of Consumer Finances shows these median (typical) net worth figures for American families:
- Under 35: ~$39,000
- 35–44: ~$135,000
- 45–54: ~$248,000
- 55–64: ~$364,000
- 65–74: ~$409,000
Don't be discouraged if you're below the median — the median includes home equity, which many younger people haven't built yet. Focus on the trend: your net worth should be growing year over year.
Everything About the Net Worth Calculator
How to accurately value your assets and liabilities, and how to use your net worth as a financial health metric.
How It Works
- List all assets: cash, investments, retirement accounts, property (current market value), vehicles
- List all liabilities: mortgage balance, auto loans, student loans, credit card balances, personal loans
- Net Worth = Total Assets − Total Liabilities
- Recalculate every quarter to track your financial trajectory
The Formula
Net Worth = Total Assets − Total Liabilities
Rule of thumb target: NW ≈ Annual Income × (Age ÷ 10). At 30: 3× salary; at 40: 4× salary. This is a rough guideline — any positive or growing NW is meaningful progress.
Pro Tips
- Vehicles: use Kelley Blue Book current value, not original purchase price (they depreciate fast)
- Illiquid assets (collectibles, art, jewelry): only count at conservative resale value, not sentimental
- Negative net worth before 30 is common — the trend of improvement is what matters
- Update quarterly; take a screenshot to compare — seeing the trend sustains motivation
Frequently Asked Questions
What should I include in my net worth calculation? +
Assets: cash and checking/savings accounts, investment accounts (brokerage, IRAs, 401k), real estate equity (current market value minus mortgage balance), vehicle value (depreciated), business ownership stake, and valuable possessions. Liabilities: mortgage balance, student loans, auto loans, credit card debt, personal loans, medical debt. Net worth = total assets − total liabilities. Include retirement accounts at current value even though they're not readily accessible — they're still assets.
Should I include my primary home in net worth? +
Yes, most calculations include home equity (market value minus mortgage balance). However, it's useful to also track “investable net worth” or “liquid net worth” separately — which excludes home equity and retirement accounts you can't easily access. This gives a clearer picture of true financial flexibility. Many people look good on total net worth but struggle with cash flow because most of their wealth is locked in home equity.
What's a good net worth by age? +
A common benchmark from Fidelity: save 1× your annual salary by 30, 3× by 40, 6× by 50, 8× by 60. A simpler rule: net worth should equal at least your annual income by 30. For retirement planning, multiply your expected annual expenses by 25 (the 4% rule) for your target at retirement. But individual circumstances vary dramatically — someone who plans to work longer, has a pension, or lives more frugally needs far less than these benchmarks suggest.
How often should I calculate my net worth? +
Quarterly is ideal for most people — frequent enough to stay engaged without causing anxiety from short-term market fluctuations. Monthly works well if you're actively paying down significant debt. Annual is the minimum to maintain financial awareness. Critical: always use the same methodology each time (same accounts, same asset valuations) so you're measuring real progress rather than methodology changes. A net worth spreadsheet updated on the first of each quarter is a powerful financial habit.
What's the difference between net worth and being “wealthy”? +
Net worth is a static snapshot of assets minus liabilities at a point in time. Wealth encompasses your net worth, future earning capacity, income stability, and lifestyle sustainability. A 30-year-old doctor with $300K in student loans might have negative net worth but significant future wealth. Conversely, someone with $500K in home equity but no income, retirement savings, or liquid assets may have positive net worth but limited real financial security. Both metrics matter for a complete financial picture.