Net Worth Calculator
Calculate your personal net worth by entering your assets and liabilities. Net worth = Total Assets − Total Liabilities. Track your financial progress over time.
How to use it
- Enter all your assets: checking, savings, investments, real estate, vehicles, and other valuables.
- Enter all your liabilities: mortgage balance, car loans, student loans, credit card debt, and other debts.
- Read your total assets, total liabilities, and net worth.
What Is a Good Net Worth?
A common benchmark is to have a net worth equal to your annual salary by age 30, 3× by 40, and 7× by 60. The median US household net worth is approximately $192,700 (Federal Reserve, 2022).
How to Increase Your Net Worth
Increase assets by investing consistently and paying down your mortgage. Decrease liabilities by paying off high-interest debt first (avalanche method) or smallest balances first (snowball method).
The formula
Frequently asked questions
What is net worth?
Net worth is the total value of everything you own (assets) minus everything you owe (liabilities).
Should I include my home in net worth?
Yes — include the current market value of your home as an asset, and the remaining mortgage balance as a liability.
What is the average net worth by age in the US?
Median net worth (Federal Reserve 2022): Under 35: $39,000. 35–44: $135,600. 45–54: $247,200. 55–64: $364,500. 65–74: $409,900.
Does net worth include retirement accounts?
Yes — 401(k), IRA, and other retirement accounts are assets and should be included.