Add all your assets and liabilities to calculate your net worth instantly. Shows debt-to-asset ratio and financial health assessment.
add assets and liabilities
Assets (what you own)
Liabilities (what you owe)
Net Worth: $0
Full Breakdown (click to copy)
Add assets and liabilities to calculate net worth.
Decision Support
Check your Financial Health label, not just the number
The qualitative label (Strong/Positive/Break-even/Negative) tells you where you stand at a glance — a large net worth with a high Debt-to-Asset Ratio is a different situation than the same number with little debt.
A negative net worth early on is normal, not a crisis
Many people start with negative net worth (student loans, early career) — what matters is the trend over time, not a single snapshot.
Track this regularly, not once
Net worth is a point-in-time snapshot — recalculating quarterly or annually shows whether your financial decisions are actually moving you forward.
➜ Next step: Project where consistent saving takes this number with the Retirement Calculator, or see what today's dollar figure will really be worth with the Inflation Calculator.
How to Use the Net Worth Calculator
Enter all assets — everything you own with monetary value: cash, investments, retirement accounts, real estate value, vehicles, business equity, valuable personal property.
Enter all liabilities — everything you owe: mortgage balance, car loans, student loans, credit card balances, personal loans, business debts.
Calculate net worth — Assets minus Liabilities = Net Worth. This is your true financial position.
Track over time — calculate monthly or quarterly and record the number. The trend matters more than the absolute figure.
Identify improvement areas — the breakdown shows which assets and liabilities have the most impact on your net worth trajectory.
📊 Net worth benchmarks by age (US median, Federal Reserve SCF data, inflation-adjusted): Under 35: $39,000. 35–44: $135,600. 45–54: $247,200. 55–64: $364,500. 65–74: $409,900. 75+: $335,600. These are medians — half of people are above, half below. The average (mean) is much higher (over $1 million) due to wealthy outliers skewing it upward. Focus on your own trajectory, not comparisons.
Understanding Net Worth
📊 Assets vs Liabilities
Assets: cash, investments, retirement accounts, real estate equity, business value, vehicles (at current market value), valuable items. Liabilities: mortgage balance (not full home value), car loans, student debt, credit cards, personal loans, tax owed.
🏠 Home Equity
Include only your equity — current market value minus outstanding mortgage. If your home is worth $400,000 and mortgage balance is $280,000, add $120,000 as an asset (not $400,000). Equity is the value you actually own.
📈 Liquid vs Illiquid
Liquid assets (cash, stocks) can be converted to cash quickly. Illiquid assets (real estate, business equity, retirement accounts before 59.5) cannot. Track both but note that illiquid assets cannot cover emergency expenses without selling costs or penalties.
🚗 Depreciating Assets
Vehicles, electronics, and most personal property lose value over time. Use current market value (Kelley Blue Book for cars), not purchase price. Overestimating depreciating asset values inflates net worth and creates a misleading picture.
💳 Consumer Debt Impact
Credit card balances are pure liabilities with no corresponding asset. A $5,000 credit card balance at 20% APR costs $1,000/year in interest while reducing net worth by $5,000. Eliminating consumer debt is the highest-return financial move for most people.
📉 Negative Net Worth
Common among young adults with student loans and new mortgages. Not alarming if assets are growing and liabilities are declining. A medical student with $200,000 in student debt but a near-guaranteed $300,000+ future income has negative net worth but strong financial trajectory.
Growing Your Net Worth
The two levers
Net worth grows by increasing assets or decreasing liabilities — or ideally both simultaneously. The fastest net worth growth combines: investing a fixed percentage of income (increases assets through compound growth), aggressively eliminating high-interest debt (reduces liabilities at guaranteed high return), and avoiding lifestyle inflation as income grows (maintains savings rate as salary increases).
Income vs wealth distinction
High income does not equal high net worth. Many high earners have near-zero or negative net worth due to high spending, high debt, and low savings rates. Net worth is the only true measure of financial health — it accounts for both what you earn and what you keep. Tracking net worth monthly creates accountability that income statements alone cannot provide.
Net worth milestones
Common net worth milestones: $0 (debt-free starting point), $10,000 (first meaningful emergency fund), $100,000 (first significant compounding base — often considered the hardest to reach), $500,000 (semi-financial independence territory), $1,000,000 (traditional millionaire milestone), $25× annual expenses (financial independence).
📈 Monthly net worth habit: On the first of each month, spend 10 minutes updating your net worth calculation. Record it in a spreadsheet. The visual trend of a growing number — even during market downturns when investment values fall but debt is reducing — is one of the most motivating financial tracking habits you can build.
Net Worth Formula
Net Worth = Total Assets − Total Liabilities. Everything you own, minus everything you owe.
Worked example
Assets: $15,000 cash, $85,000 retirement accounts, $120,000 home equity, $8,000 vehicle = $228,000 total assets. Liabilities: $180,000 mortgage balance, $12,000 car loan, $3,000 credit card = $195,000 total liabilities. Net Worth = 228,000 − 195,000 = $33,000.
Assumption: asset values reflect current market value, not purchase price — an outdated home or vehicle valuation will distort the result.
Common Mistakes
Using full home value instead of equity
Only your equity (market value minus remaining mortgage) is an asset — counting the full home value while separately listing the mortgage as a liability double-counts the debt-covered portion.
Using purchase price instead of current value
Vehicles and most personal property depreciate — using what you paid rather than current market value inflates your assets and your net worth.
Forgetting less obvious liabilities
Tax owed, personal loans from family, and unpaid medical bills are real liabilities that are easy to forget but still reduce your true net worth.
Comparing your number to someone else's without context
Age, income history, location, and family circumstances all affect net worth — your own trend over time is a more useful signal than a single comparison to a benchmark or peer.
Frequently Asked Questions
What is net worth?
Net worth = Total Assets − Total Liabilities. Assets include cash, investments, property, vehicles, and valuables. Liabilities include mortgages, car loans, credit card debt, student loans, and other debts. A positive net worth means you own more than you owe.
What is a good net worth by age?
General benchmarks: By 30: 1× annual salary. By 40: 3× annual salary. By 50: 6×. By 60: 8×. By 67 (retirement): 10×. These are averages — individual circumstances vary widely. The most important metric is whether your net worth is growing year over year.
Should I include my home in net worth?
Yes, include the current market value of your home as an asset and the remaining mortgage as a liability. The difference is your home equity. However, since you can't easily spend home equity, some financial planners track 'liquid net worth' (excluding illiquid assets like real estate).
What is a debt-to-asset ratio?
Debt-to-asset ratio = Total Liabilities ÷ Total Assets. Below 50% is considered healthy. Above 80% means most of your assets are debt-financed. As you pay down debt and build savings, this ratio should decrease over time.
References
🏛️ Federal Reserve Survey of Consumer Finances
The authoritative source for U.S. household net worth data by age — federalreserve.gov
📄 Your own account statements
For exact current values, use your latest bank, investment, and loan statements rather than estimates.
Last updated: 14 July 2026 · Benchmark figures are inflation-adjusted from the Fed's 2022 Survey of Consumer Finances (the most recent available; the next survey publishes results in late 2026).