Net Worth Calculator
Calculate your net worth by adding up assets and subtracting liabilities.
What is Net Worth and Why Does it Matter?
Net worth = Total Assets − Total Liabilities. It is the single best snapshot of your overall financial health — more meaningful than income alone, because it captures both what you own and what you owe.
A high income with high debt can result in a low or negative net worth. A modest income with consistent saving and investing builds substantial net worth over time. Tracking net worth monthly or quarterly is one of the most effective habits for long-term financial progress.
Average Net Worth by Age (US, 2024)
Federal Reserve data (2022 Survey of Consumer Finances):
- Under 35: Median $39,000 / Mean $183,500
- 35–44: Median $135,600 / Mean $549,600
- 45–54: Median $247,200 / Mean $975,800
- 55–64: Median $364,500 / Mean $1,566,900
- 65–74: Median $409,900 / Mean $1,794,600
Mean is skewed high by the ultra-wealthy. Median is more representative of typical households. Do not use these as pressure — use them as context.
How to Build Net Worth Faster
Three levers: increase income, reduce expenses, invest the difference. The gap between income and spending — your savings rate — is the primary driver. A 10% savings rate might take 40+ years to retire; a 50% savings rate can get you there in under 20 years, regardless of income level.
Prioritize: eliminate high-interest debt, build an emergency fund (3–6 months expenses), maximize tax-advantaged accounts, then invest in a diversified low-cost index fund portfolio.
Frequently Asked Questions
Should I include my home in my net worth?
Yes, include your home value (current market value) as an asset and your mortgage as a liability. The difference (home equity) is part of your net worth. However, since you cannot easily access home equity, many financial planners also calculate "liquid net worth" excluding illiquid assets.
Is a negative net worth bad?
Not necessarily, especially if young. Many people start adult life with student loans, giving them negative net worth. What matters is the trend — is it improving? Focus on the trajectory, not the current number.
How often should I calculate my net worth?
Monthly or quarterly is ideal. Annual at minimum. Tracking it consistently reveals trends and motivates action. Many people use spreadsheets or apps (Personal Capital, Mint) to automate the tracking.