Calculate your total net worth by tracking assets vs liabilities. Compare your financial position against age-based benchmarks from Federal Reserve data.
Updated February 4, 2026
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Quick Answer
What is my net worth?
Net Worth = Total Assets - Total Liabilities. If you have $500,000 in assets and $200,000 in debt, your net worth is $300,000. The median net worth for ages 35-44 is $135,600 according to Federal Reserve data.
Enter your assets and liabilities below to calculate your net worth and compare against age-based benchmarks.
Key Takeaways
Net worth formula: Assets - Liabilities = Net Worth
Median net worth by age: 30s ($136K), 40s ($247K), 50s ($365K)
Track net worth quarterly to monitor financial progress
Homeowners have 40x higher median net worth than renters
Include retirement accounts (401(k), IRA) at current balance
Net Worth Details
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Cash & Investments
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Property
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Other Assets
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Loans
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Optional: Age Benchmark Comparison
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Compare against Federal Reserve age-based benchmarks
Enter your assets and liabilities above to calculate your net worth and compare against age-based benchmarks.
Net Worth Comparison
Comparison Insights
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What Is Net Worth?
The Formula
Net Worth = Total Assets - Total Liabilities
List all assets (cash, investments, property, retirement accounts, vehicles) and subtract all liabilities (mortgages, loans, credit card debt).
What to Include in Assets
Cash and bank accounts, investment accounts, retirement savings (401(k), IRA), real estate, vehicles, business ownership, and valuable personal property. Use current market values.
What to Include in Liabilities
Mortgage balance, auto loans, student loans, personal loans, credit card balances, medical debt, and any other money owed. Include only the remaining balance.
Why It Matters
Tracking net worth helps you measure financial progress, set realistic goals, identify areas for improvement, and make better financial decisions. It's more important than income for understanding true wealth.
Net Worth By Age Benchmarks
Understanding how your net worth compares to others in your age group can provide helpful context for your financial journey. The data below comes from the Federal Reserve's Survey of Consumer Finances (SCF).
Median vs. Average Net Worth
The median represents the middle value - half of households have more, half have less. The average (mean) is skewed higher by ultra-wealthy households. For realistic benchmarking, focus on the median.
Age Group
Median Net Worth
Average Net Worth
Key Focus Areas
Under 35
$39,000
$183,500
Emergency fund, debt payoff
35-44
$135,600
$549,600
Home equity, retirement savings
45-54
$247,200
$975,800
Peak earning, catch-up contributions
55-64
$364,500
$1,566,900
Retirement preparation, debt elimination
65-74
$409,900
$1,794,600
Retirement income, wealth preservation
75+
$335,600
$1,624,100
Healthcare costs, estate planning
Source: Federal Reserve Survey of Consumer Finances (2022)
Key Factors That Affect Net Worth
Income level: Higher earners can save more, but lifestyle inflation often offsets this advantage
Education: College graduates have 3-4x higher median net worth than non-graduates
Homeownership: Homeowners have 40x higher median net worth than renters ($255,000 vs $6,300)
Marital status: Married couples have higher net worth due to combined incomes
Savings rate: The percentage of income saved matters more than absolute income
Remember: Your net worth is just one measure of financial health. Focus on progress, not perfection. Even small consistent improvements compound over time.
Frequently Asked Questions
Net worth is the total value of your assets (what you own) minus your liabilities (what you owe). It represents your financial position at a specific point in time. A positive net worth means your assets exceed your debts, while a negative net worth means you owe more than you own.
To calculate net worth, add up all your assets (cash, investments, property, retirement accounts, vehicles) and subtract all your liabilities (mortgages, loans, credit card debt). The formula is: Net Worth = Total Assets - Total Liabilities. For example, if you have $500,000 in assets and $200,000 in liabilities, your net worth is $300,000.
Net worth benchmarks vary by age. According to Federal Reserve data, median net worth by age is approximately: Under 35: $39,000, Ages 35-44: $135,600, Ages 45-54: $247,200, Ages 55-64: $364,500, Ages 65+: $400,000+. These are medians, not targets - your ideal net worth depends on income, expenses, and financial goals.
Yes, include your primary home's current market value in assets and your remaining mortgage balance in liabilities. Your home equity (home value minus mortgage) contributes to your net worth. However, some financial planners calculate a separate liquid net worth that excludes real estate to focus on accessible assets.
Negative net worth is common, especially for young adults with student loans or recent home buyers. It's not inherently bad if it's temporary and you have a plan to improve it. The concern arises when net worth stays negative or worsens over time. Focus on paying down debt and building assets.