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Track Your Financial Health

Net Worth Calculator

Add your assets and liabilities to calculate your net worth instantly. See how you compare to the Federal Reserve's median by age group — the most comprehensive snapshot of your financial health.

Assets — What You Own

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$
$
$
$
$
Total Assets$60,000

Liabilities — What You Owe

$
$
$
$
$
$
Total Liabilities$45,000

Your Net Worth

Net Worth = Assets − Liabilities

$15,000

Positive net worth

Total Assets$60,000
Total Liabilities$45,000
Net Worth$15,000
● Assets 57%● Liabilities 43%

Compare by Age Group

Your Net Worth$15,000
US Median (35–44)$135,000
vs. Median-$120,000
Age GroupMedian Net Worth
Under 35$39,000
35–44$135,000
45–54$247,000
55–64$364,000
65–74$410,000
75+$335,000

Source: Federal Reserve 2022 Survey of Consumer Finances (latest available). Median figures include home equity. Consult a financial advisor for personalized guidance.

Why Net Worth Is the Best Measure of Financial Health

Your income tells you how much money flows in each month. Your net worth tells you how much of that income you've actually kept and built into lasting wealth. Two people earning the same salary can have wildly different net worths depending on spending, saving, debt, and investment habits.

Net worth also captures the full picture of your financial situation — including assets you rarely think about (like growing retirement accounts) and liabilities that quietly drag on your wealth (like credit card balances accruing at 24%+ APR).

Net Worth = Total Assets − Total Liabilities

How to Grow Your Net Worth Faster

Maximize tax-advantaged accounts first. A 401(k) with employer match is a guaranteed instant return. Contribute at least enough to get the full match, then maximize your IRA ($7,000 in 2025), then return to max the 401(k) ($23,500 in 2025). These accounts grow tax-deferred, dramatically compounding your net worth over time.

Eliminate high-interest debt aggressively. Credit card debt at 20%+ APR destroys net worth faster than almost any investment can build it. Every $1,000 of credit card balance eliminated is equivalent to earning a guaranteed 20%+ return.

Invest in low-cost index funds. The US stock market has historically returned approximately 10% annually before inflation. $500/month invested in a broad index fund (like VTSAX or VTI) for 30 years at 7% real return grows to approximately $567,000 — without picking a single stock.

Track net worth monthly. You can't manage what you don't measure. Even a simple spreadsheet updated monthly keeps your financial trajectory visible and builds positive money habits over time.

Net Worth Calculator — FAQ

What is net worth and how is it calculated?
Net worth is calculated as Total Assets minus Total Liabilities. Assets include cash, investments, retirement accounts, real estate, and vehicles. Liabilities include mortgages, car loans, student loans, credit card balances, and other debts. A positive net worth means you own more than you owe. Net worth is the single most comprehensive measure of your financial health.
What is the average net worth by age in the United States?
According to the Federal Reserve's 2022 Survey of Consumer Finances, median net worth by age group in the US is approximately: Under 35: $39,000; 35–44: $135,600; 45–54: $247,200; 55–64: $364,500; 65–74: $410,000; 75+: $335,600. Median is a more realistic benchmark than average, as averages are skewed upward by billionaires. These figures include home equity.
How can I increase my net worth?
Net worth grows when you increase assets or reduce liabilities. The most effective strategies include: maximizing contributions to tax-advantaged retirement accounts (401k, IRA, HSA); paying down high-interest debt aggressively (especially credit cards); building a diversified investment portfolio in a taxable brokerage account; avoiding lifestyle inflation as income grows; and maintaining an emergency fund to avoid accumulating new debt during financial setbacks.
Should I include my home in my net worth calculation?
Yes. Your home's current market value (not purchase price) is an asset, and your outstanding mortgage balance is a liability. Your home equity (market value minus mortgage balance) is included in net worth. However, since home equity is illiquid — you can't spend it without selling or borrowing — some financial planners track both a 'total net worth' (including home equity) and a 'liquid net worth' (excluding it).
What is a good net worth at 30, 40, or 50?
A common target is having 1× your annual salary saved by age 30, 3× by 40, and 6× by 50 (Fidelity's guideline for retirement readiness). For net worth specifically, the Federal Reserve median for under-35s is about $39,000 and for 35–44 is $135,600. However, net worth benchmarks vary widely by income, cost of living, and goals. Consistent growth over time matters more than hitting a specific number at a specific age.