💰 Net Worth Calculator
Know exactly where you stand financially. Our net worth calculator adds up all your assets and subtracts your liabilities to reveal your complete wealth picture — and shows how you compare to U.S. averages.
📖 What is Net Worth and Why Does It Matter?
Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It is the single most important number in personal finance — more telling than income — because it shows your actual financial position.
The Formula
Net Worth = Total Assets − Total Liabilities
Types of Assets to Include
- Liquid assets: Cash, checking, savings, money market accounts
- Investment assets: Stocks, bonds, mutual funds, ETFs, crypto
- Retirement accounts: 401(k), IRA, Roth IRA, pension value
- Real estate: Current market value of property you own
- Personal property: Vehicles, jewelry, collectibles, business ownership
💡 Update Regularly
Track your net worth monthly or quarterly. The trend matters more than any single number. Even small improvements each month compound into massive progress over years.
📋 Average Net Worth by Age (United States, 2022)
How does your net worth compare? The Federal Reserve's Survey of Consumer Finances provides the most comprehensive data:
| Age Group | Median Net Worth | Average Net Worth | Key Milestone |
|---|
| Under 35 | $39,040 | $183,500 | Build emergency fund, start 401k |
| 35–44 | $135,600 | $549,600 | Maximize retirement contributions |
| 45–54 | $247,200 | $975,800 | Pay off mortgage, increase investments |
| 55–64 | $364,500 | $1,566,900 | Retirement planning, healthcare prep |
| 65–74 | $409,900 | $1,794,600 | Transition to income-generating assets |
| 75+ | $335,600 | $1,624,100 | Estate planning, wealth transfer |
Source: Federal Reserve Survey of Consumer Finances, 2022.
❓ Frequently Asked Questions
What is a good net worth at 30? −
A common guideline is to have a net worth equal to your annual salary by age 30. The U.S. median net worth for those under 35 is $39,040, while the average is $183,500. Focus on eliminating high-interest debt and building retirement savings rather than comparing to averages.
Should I include my home in net worth? +
Yes — include the current market value of your home as an asset, and your outstanding mortgage balance as a liability. Your home equity (value minus mortgage balance) contributes positively to your net worth. However, a home is an illiquid asset, so also track your liquid net worth separately.
How do I increase my net worth quickly? +
The three fastest levers are: (1) Increase income through raises, side businesses, or career advancement; (2) Reduce liabilities by aggressively paying down high-interest debt; (3) Invest the difference consistently in diversified assets like index funds. Reducing expenses also helps by widening the gap between income and spending.
What's the difference between net worth and income? +
Income is the money you earn each period (monthly/yearly). Net worth is the total accumulated wealth you've built over your lifetime. A high-income person can have a negative net worth if they spend everything. Net worth is a better indicator of long-term financial health.
How often should I calculate my net worth? +
Monthly or quarterly is ideal. Monthly tracking helps you notice patterns and stay motivated. Use a spreadsheet or app (Personal Capital, Mint, YNAB) to track all accounts automatically. Annual reviews with a deeper analysis are also valuable for long-term planning.