Net Worth Calculator

Use this free net worth calculator to instantly calculate your total assets, liabilities, and net worth. Results update automatically as you type, and you can compare your net worth against age-based benchmarks.

Choose your input method:

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💰 Your Net Worth

Enter your estimated total net worth if you already know it.

💰 Total Assets

💳 Total Liabilities

Use this option if you know your totals but don't want to enter individual values.

Cash & Investments

💵 Cash & Checking Accounts

💰 Savings Accounts

📊 Brokerage Accounts

🏦 Retirement Accounts (401k, IRA)

Property

🏠 Primary Home Value

🏢 Other Real Estate

Other Assets

🚗 Vehicles

💼 Business Interests

📦 Other Assets

Loans

🏠 Mortgage Balance

🚗 Auto Loans

🎓 Student Loans

💳 Personal Loans

Credit & Other Debt

💳 Credit Card Debt

📋 Other Liabilities

Optional: Age Benchmark Comparison

🎂 Your Age (Optional)

Enter your age to compare your net worth against typical net worth by age benchmarks based on Federal Reserve data.

Total Assets

Total Liabilities

Your Net Worth

Net Worth Breakdown

Total Assets $0

Total Liabilities $0

Net Worth $0

What Is Net Worth?

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It's the most comprehensive measure of your financial health and represents what you would have left if you sold all your assets and paid off all your debts. Unlike income, which shows how much you earn, net worth shows how much wealth you've accumulated over time.

How to Calculate 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 (401k, IRA), real estate, vehicles, business ownership, and valuable personal property. Use current market values, not purchase prices.

💳 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, not original loan amounts.

🎯 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: What's Normal?

Net worth typically increases with age as you accumulate assets, pay down debt, and benefit from investment growth. According to Federal Reserve Survey of Consumer Finances data, here are median net worth benchmarks by age:

Under 30

Median: $10,000

Early career, often with student loans and low savings. Focus on building an emergency fund and starting retirement contributions.

Ages 30-39

Median: $90,000

Career advancement, first home purchase, growing retirement accounts. Many still paying off student loans while building wealth through strategic investing.

Ages 40-49

Median: $135,000

Peak earning years begin, significant home equity, substantial retirement savings. Debt reduction becomes priority.

Ages 50-59

Median: $230,000

Peak earning years, accelerated retirement savings, mortgage paydown. Planning for retirement becomes concrete with careful attention to savings growth.

Ages 60+

Median: $300,000

Approaching or in retirement, home often paid off, living off retirement savings and Social Security.

📈 Important Notes

These are medians, not targets. Your ideal net worth depends on income, cost of living, family situation, and financial goals. Focus on steady growth, not comparison to others.

Why Tracking Net Worth Matters

Regular net worth tracking provides a clear picture of your financial progress and helps you make better money decisions. Unlike tracking income or expenses alone, net worth shows the cumulative result of all your financial choices over time.

Benefits of tracking net worth:

Measures true financial progress beyond income
Identifies whether you're building wealth or living beyond means
Motivates better financial decisions when you see growth
Helps set realistic financial goals based on current position
Reveals which assets are growing and which debts to prioritize
Provides snapshot for retirement planning and financial independence

Calculate your net worth every 3-6 months to monitor trends. A growing net worth indicates you're saving more than spending and your investments are appreciating. Focus on the trend, not single measurements.

Frequently Asked Questions

What is net worth?

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.

How do you calculate net worth?

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.

What is a good net worth by age?

Net worth benchmarks vary by age. According to Federal Reserve data, median net worth by age is approximately: Under 30: $10,000, Ages 30-39: $90,000, Ages 40-49: $135,000, Ages 50-59: $230,000, Ages 60+: $300,000. These are medians, not targets - your ideal net worth depends on income, expenses, and financial goals.

Should I include my home in net worth?

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.