Net Worth Calculator
Calculate your net worth by listing all assets and liabilities.
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Net Worth
$170,000
Assets (What You Own)
Liabilities (What You Owe)
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Net Worth Benchmarks by Age
Federal Reserve data shows median (midpoint) net worth by age:
| Age Group | Median Net Worth | Mean Net Worth |
|---|---|---|
| Under 35 | $39,000 | $183,000 |
| 35-44 | $135,000 | $550,000 |
| 45-54 | $247,000 | $975,000 |
| 55-64 | $364,000 | $1,567,000 |
| 65-74 | $410,000 | $1,795,000 |
| 75+ | $335,000 | $1,624,000 |
The gap between median and mean reflects wealth concentration at the top. Median is more representative of a "typical" household. Don't let benchmarks discourage you -- the goal is steady progress over time.
The Levers of Net Worth Growth
Grow assets: Max out tax-advantaged accounts (401k, IRA, HSA) before taxable accounts. Contribute enough to get any employer 401k match -- that's an immediate 50--100% return. Use our retirement calculator and investment return calculator to project asset growth over time.
Reduce liabilities: Prioritize high-interest debt (credit cards, personal loans). Low-interest debt (mortgages, student loans at below 4%) is lower priority -- your money likely grows faster invested than it saves in interest.
Avoid lifestyle inflation: Each raise or windfall can either increase your savings rate or increase your spending. Keeping lifestyle expenses stable while income grows is one of the most reliable paths to building net worth.
When to use this
You want a single number that captures your entire financial picture. Income tells you how fast money flows in. Savings tells you what's in the bank. But net worth — assets minus liabilities — tells you where you actually stand. It's the number that answers "if I sold everything and paid off every debt, what's left?"
Calculate your net worth at least once a year, ideally quarterly. The absolute number matters less than the trend. Are you building wealth or losing it? A net worth that grows by $15,000 a year tells you your financial habits are working. A flat or declining net worth — even with a high income — signals that spending or debt is absorbing everything you earn.
It's also essential before major financial decisions. Applying for a mortgage? The lender will want a picture of your assets and liabilities. Getting divorced? Net worth determines equitable distribution. Planning for retirement? Your net worth target is the number you need to reach. Estate planning? Net worth determines which tax thresholds apply. Every serious financial conversation starts with this number.
Good to know
The formula is simple: Net Worth = Total Assets - Total Liabilities. Assets include checking/savings accounts, investment accounts (brokerage, IRA, 401k), real estate (market value), vehicles (current resale value), and other valuables. Liabilities include mortgage balance, car loans, student loans, credit card debt, personal loans, and any other money you owe.
Use realistic values, not purchase prices. Your car isn't worth what you paid for it — use Kelley Blue Book or similar. Your home should be valued at current market price, not what you paid or what Zillow estimated two years ago. Overvaluing assets inflates your net worth on paper but doesn't help with actual planning.
A negative net worth is normal in your 20s. If you have $40,000 in student loans and $8,000 in savings, your net worth is -$32,000. That's not a crisis — it's a starting point. The average American's net worth doesn't turn solidly positive until their early 30s. What matters is the trajectory.
Home equity is your largest asset but least liquid. A $400,000 home with a $300,000 mortgage adds $100,000 to your net worth, but you can't easily spend that $100,000 without selling or taking a home equity loan. When evaluating financial flexibility, consider your "liquid net worth" (excluding home equity) separately.
Retirement accounts count, even though you can't touch them yet. Your 401(k) and IRA balances are real assets. Including them in your net worth is standard practice. Just remember that pre-tax accounts (traditional 401k/IRA) will be taxed on withdrawal, so their after-tax value is roughly 70–85% of the stated balance, depending on your future tax bracket.
Quick Reference
| Age | Median Net Worth (US) | Average Net Worth (US) |
|---|---|---|
| Under 35 | ~$39,000 | ~$183,000 |
| 35–44 | ~$135,000 | ~$549,000 |
| 45–54 | ~$247,000 | ~$975,000 |
| 55–64 | ~$364,000 | ~$1,566,000 |
| 65–74 | ~$410,000 | ~$1,794,000 |
| 75+ | ~$335,000 | ~$1,624,000 |