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Net Worth Calculator
Your net worth is the clearest single measure of financial progress. Add up what you own and what you owe to see where you stand.
How to calculate net worth
Net worth = Total assets − Total liabilities
Assets are things with a cash value: bank balances, retirement and brokerage accounts, the market value of your home and vehicles, and money owed to you. Liabilities are debts: mortgage, car loans, student loans, credit card balances and personal loans.
Example
With $15,000 in savings, $60,000 in retirement accounts, $10,000 in other investments, a $350,000 home and an $18,000 car, assets total $453,000. A $260,000 mortgage, $12,000 car loan, $20,000 of student loans and $4,000 on cards make $296,000 of debt. Net worth is $157,000.
Median net worth by age (US)
| Age of household head | Median net worth |
|---|---|
| Under 35 | $39,000 |
| 35–44 | $135,600 |
| 45–54 | $247,200 |
| 55–64 | $364,500 |
| 65–74 | $409,900 |
| 75+ | $335,600 |
Source: Federal Reserve, 2022 Survey of Consumer Finances, in 2022 dollars. Medians are the middle household, so half have more and half have less.
Growing your net worth
Net worth rises when you pay down debt or when your savings and investments grow. Track it every few months: paying off a card, adding to a 401(k) and your mortgage principal all move it up, even if your bank balance stays flat.
Frequently asked questions
What is net worth?
Everything you own minus everything you owe. If your home, savings and investments are worth $350,000 and your mortgage, car loan and cards total $220,000, your net worth is $130,000.
Should I include my car and furniture?
Include a car at its current resale value because it could be sold. Most people leave out furniture and personal items, which are hard to sell for much.
Can net worth be negative?
Yes, and it is common early in a career, especially with student loans. What matters most is that it rises over time.