Net Worth Calculator
List your assets and liabilities to calculate your total net worth instantly.
What is Net Worth and Why Does It Matter?
Net worth is the single clearest snapshot of your overall financial position. It answers the question: if you sold everything you own and paid off everything you owe, how much would you have left? The formula is simple: Net Worth = Total Assets − Total Liabilities. A positive net worth means your assets exceed your debts. A negative net worth means you owe more than you own — which is common for young adults with student loans or those early in home ownership.
Tracking net worth over time — even just once a year — is one of the most useful financial habits you can build. Unlike income (which can feel like a lot but disappear quickly), net worth reveals whether you are actually building wealth or just treading water.
What Counts as an Asset?
Assets are anything you own that has monetary value. Common asset categories include:
- Cash & savings: checking accounts, savings accounts, money market accounts, CDs
- Investments: brokerage accounts, 401(k), IRA, Roth IRA, stocks, bonds, mutual funds, ETFs
- Real estate: the current market value of your home or investment properties (not what you paid — what it's worth today)
- Vehicles: cars, trucks, motorcycles, boats (use current market value, not purchase price)
- Other assets: business ownership stakes, collectibles, jewelry, life insurance cash value
Use current market value for all assets, not what you originally paid. Real estate and vehicles depreciate (or appreciate) over time, so what you paid years ago may be very different from what they're worth today.
What Counts as a Liability?
Liabilities are anything you owe. Common liabilities include:
- Mortgage balance: the outstanding principal remaining on your home loan (not the original loan amount)
- Car loans: remaining balances on auto financing
- Student loans: outstanding federal and private student loan balances
- Credit card debt: any outstanding balances (not credit limits)
- Personal loans: any other outstanding borrowed amounts
Average Net Worth by Age (US)
Net worth varies enormously by age, income, and life stage. According to the Federal Reserve's Survey of Consumer Finances, US median net worth by age group is roughly: under 35 ($39,000), 35–44 ($135,000), 45–54 ($247,000), 55–64 ($365,000), 65–74 ($410,000). These are medians — half of Americans in each group have higher, half have lower. Don't use these as benchmarks for personal anxiety; use them as context for your own journey.
How to Improve Your Net Worth
Net worth improves when assets grow faster than liabilities shrink. The most reliable strategies are: consistently investing a portion of income (which grows assets), paying down high-interest debt (which shrinks liabilities faster), avoiding large depreciating purchases (which add liabilities with rapidly declining asset value), and increasing income over time. Even small, consistent steps compound into significant net worth growth over a decade or more.